City Leaders Consider Selling Objects from Detroit Institute of Arts
- May 29, 2013 23:43
With an estimated debt burden of $15 billion, cash-strapped Detroit is considering selling objects from the city's renowned art museum. A debate has ensued over ownership of the multibillion dollar collection held by the Detroit Institute of Arts (DIA). The point of contention is whether the museum's works of art are city property or do they belong to the public trust and not subject to sale.
The controversy was sparked by a recent announcement from Detroit's emergency manager, Kevyn Orr, who is considering the sale of objects from the museum in order to cover city debts, according to the Detroit Free Press.
Museum leaders are already rallying around DIA. Met director Thomas Campbell issued a statement last week declaring his opposition to any sales.
Founded in 1885, the DIA has approximately 60,000 objects dating from the Renaissance to the 20th century. The museum has reportedly retained an attorney.
Note: An earlier version of this story stated that the debt was $15 million. It is reportedly $15 billion to $17 billion.