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	<title>detroit art collection Archives - Haute Residence by Haute Living</title>
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		<title>Detroit’s Endangered Art Collection May Sell at Auction</title>
		<link>https://dev.hauteresidence.com/detroits-endangered-art-collection-may-sell-auction/</link>
		
		<dc:creator><![CDATA[Allie Early]]></dc:creator>
		<pubDate>Wed, 04 Dec 2013 16:47:36 +0000</pubDate>
				<category><![CDATA[HDN]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Detroit]]></category>
		<category><![CDATA[detroit art collection]]></category>
		<category><![CDATA[detroit bankruptcy]]></category>
		<category><![CDATA[detroit institute of arts]]></category>
		<guid isPermaLink="false">http://dev.hauteresidence.com/?p=49121</guid>

					<description><![CDATA[<p>Detroit’s financial turmoil is no secret, and it seems the city’s art collection may also be endangered as it moves towards bankruptcy. Some argue that revenue generated from the art (whether through individual sales, auction or lending) may help support...</p>
<p>The post <a rel="nofollow" href="https://dev.hauteresidence.com/detroits-endangered-art-collection-may-sell-auction/">Detroit’s Endangered Art Collection May Sell at Auction</a> appeared first on <a rel="nofollow" href="https://dev.hauteresidence.com">Haute Residence by Haute Living</a>.</p>
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										<content:encoded><![CDATA[<p><a href="http://dev.hauteresidence.com/wp-content/uploads/2013/12/dai.jpg" rel="attachment wp-att-49127"><img loading="lazy" class="alignnone size-full wp-image-49127" alt="dai" src="http://dev.hauteresidence.com/wp-content/uploads/2013/12/dai.jpg" width="900" height="500" srcset="https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai.jpg 900w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-300x166.jpg 300w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-720x400.jpg 720w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-222x123.jpg 222w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-702x390.jpg 702w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-400x222.jpg 400w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-162x90.jpg 162w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-180x100.jpg 180w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-90x50.jpg 90w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-216x120.jpg 216w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-294x163.jpg 294w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-243x135.jpg 243w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-351x195.jpg 351w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-108x60.jpg 108w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai-200x111.jpg 200w" sizes="(max-width: 900px) 100vw, 900px" /></a></p>
<p>Detroit’s financial turmoil is no secret, and it seems the city’s art collection may also be endangered as it moves towards bankruptcy. Some argue that revenue generated from the art (whether through individual sales, auction or lending) may help support Detroit in avoiding bankruptcy.</p>
<p><a href="http://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1.jpg" rel="attachment wp-att-49133"><img loading="lazy" class="alignnone size-full wp-image-49133" alt="dai1" src="http://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1.jpg" width="900" height="500" srcset="https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1.jpg 900w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-300x166.jpg 300w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-720x400.jpg 720w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-222x123.jpg 222w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-702x390.jpg 702w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-400x222.jpg 400w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-162x90.jpg 162w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-180x100.jpg 180w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-90x50.jpg 90w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-216x120.jpg 216w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-294x163.jpg 294w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-243x135.jpg 243w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-351x195.jpg 351w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-108x60.jpg 108w, https://dev.hauteresidence.com/wp-content/uploads/2013/12/dai1-200x111.jpg 200w" sizes="(max-width: 900px) 100vw, 900px" /></a></p>
<p>Though the sale of these paintings could generate millions of dollars, <strong>U.S. Bankruptcy Judge Stephen Rhodes</strong> comments that “A one-time infusion of cash by selling an asset” would only delay the city’s “inevitable financial future,” reports <i><a href="http://www.nytimes.com/2013/12/04/us/fate-of-detroits-art-hangs-in-the-balance.html?_r=0">The New York Times</a>. </i>After all, Detroit’s deficit of $18 billion cannot be solved by a one-time transaction, and the sale of Detroit’s valuable art would seemingly gut an important part of the city’s art culture.</p>
<p>Kevyn D. Orr reportedly hired Christie’s to appraise selected pieces from the institute to be made public in December, but there is no word yet on a scheduled private sale or auction.</p>
<p><em>For more on the latest and greatest in design news, visit <a href="https://www.facebook.com/HauteDesignNetwork">Haute Design Network on Facebook!</a></em></p>
<p>Photo courtesy of plannerwire.net themarmeladegypsy, imgur</p>
<p>The post <a rel="nofollow" href="https://dev.hauteresidence.com/detroits-endangered-art-collection-may-sell-auction/">Detroit’s Endangered Art Collection May Sell at Auction</a> appeared first on <a rel="nofollow" href="https://dev.hauteresidence.com">Haute Residence by Haute Living</a>.</p>
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