Tuesday, November 26, 2013

"In the filing, the creditors argued that Orr is not moving aggressively enough to monetize the art." (UPDATED)

The battle for Detroit's art heats up.

UPDATE:   More from Nicholas O'Donnell:  "The upshot ... is that the court cannot compel the sale of DIA’s collection.  This cannot be repeated enough, since coverage continues to miss that point.  The only real question is if the city resolves to sell the collection, can the museum stop it? The view here is that it cannot, but expect much more ink to be spilled in court on that issue."