Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Michigan Governor Snyder Hints at Grand Bargain to Save DIA’s Art

December 21, 2013 by Marion Maneker

The Detroit Institute of Arts It would appear that the brinksmanship over DIA’s art has worked. Michigan governor Rick Snyder gave Federal Judge Gerald Rosen’s initiative to save DIA’s art more traction last week after Christie’s submitted its final appraisal. The timing of the hints suggests the three-way battle over DIA’s art between the Emergency Manager, the surrounding counties and the state has come to a head. But since the state has been driving the bankruptcy process, the hints of a grand bargain suggest other concessions not yet revealed:

Calling ongoing efforts by Detroit federal Judge Gerald Rosen to organize a rescue package with local and national foundations “thoughtful and creative,” the Detroit museum said positive comments by the governor and some lawmakers “will continue to provide momentum to the discussions. The DIA is actively engaged in these talks and continues to be optimistic about a positive outcome.” […]

Snyder said he thought Lansing might be willing to help broker a grand bargain that would involve saving the museum’s art at the same time that it bolstered the city’s ailing pension funds. House Speaker Pro Tem John Walsh, R-Livonia, also said some state involvement in resolving the bankruptcy impasse seemed inevitable.

DIA says Snyder’s consideration of state aid helps bankruptcy talks (Detroit News)

More from Art Market Monitor

  • California Collector Gundlach Burglarized, Paintings StolenCalifornia Collector Gundlach Burglarized, Paintings Stolen
  • [Correction] Jho Low Not Subject of Swiss Investigation, Frozen Funds[Correction] Jho Low Not Subject of Swiss Investigation, Frozen Funds
  • Give Us a LikeGive Us a Like
  • Frieze Auction Sales Analysis: There’s Room at the BottomFrieze Auction Sales Analysis: There’s Room at the Bottom
  • The Man Who Loved AntiquitiesThe Man Who Loved Antiquities
  • Christie’s Latin American = $22.7mChristie’s Latin American = $22.7m

Filed Under: Museums

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Restituted Van Gogh Portrait from London Collection to Sell at Christie’s
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Roy Lichtenstein’s Top Ten Auction Prices
  • How to Chant Like an Auctioneer
  • Basquiat's Last Girlfriend
  • Podcast
  • Christie’s to Sell Its First Fully Digital Work of Art in Test of Emerging Market
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor