Friday, August 02, 2013

Detroit tells Christie’s auction house: Go home

Financially distraught Detroit is determined to keep hold of its historic artifacts, and art critics in the city are telling buyers with New York-based auction house Christie‘s: Go home. There’s nothing to see here.

Experts with the auction house have been seen at the Detroit Institute of Arts, the Detroit Free Press reported. The DIA is home to some of the city’s most valuable assets, including the original Howdy Doody marionette. And some concerned about the city’s financial future see the museum as a cash cow to bridge budget deficits, estimated now at $18 billion, and satisfy terms of the bankruptcy.

City officials, however, as well as art lovers, say that plan’s a no-go.

More here.

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