News
The Detroit Institute of Arts (DIA) has turned to a judge to help keep its art on its walls and out of the hands of the city's bankruptcy creditors. Last night, the museum filed an objection to a proposal spearheaded by Financial Guaranty Insurance Co. (FGIC) and Syncora to reevaluate the art in the
Opinion
In the latest issue of Cluster Mag, a "magazine of international popular culture," writer Jesse Myerson places the asset-stripping drama surrounding Detroit's bankruptcy against a broader historical context, one that dates to the 13th-century failure of Constantinople.
News
After a pension committee last week demanded a more thorough review of the value of the Detroit Institute of Arts (DIA) collection, one of the city's largest creditors has now lined up four investor groups willing to pay up to $2 billion for part of that collection.
News
A committee representing Detroit's 20,000 municipal retirees is demanding a more thorough review of the Detroit Institute of Arts (DIA) collection, arguing that Emergency Manager Kevyn Orr's revised bankruptcy plan is less favorable than the original, MLive.com reported.
News
The saga of Detroit's bankruptcy negotiations rolls on, and the Detroit Free Press continues to have the scoop on the story. The latest: the Detroit Institute of Arts has pledged to raise $100 million over 20 years to contribute to the city's rescue.
News
In July, when we covered Peter Schjeldahl's since-retracted stance on selling the Detroit Institute of Arts (DIA), we noted the legal and logistical challenges of liquidating any part of the collection. Though a lot has transpired since then, there remains a lingering uncertainty about the legal sta
News
In a process that at this point is approaching farce, the Detroit Free Press is reporting that City of Detroit emergency manager Kevyn Orr demanded yesterday that the Detroit Institute of Arts (DIA) contribute to a city bankruptcy fund, despite the recent $680 million intervention on the DIA's behal
News
Michigan Governor Rick Snyder is proposing that the state contribute $350 million to help protect the Detroit Institute of Arts collection and Detroit's pension funds during the settlement of the city's bankruptcy, the Detroit News has reported.
News
In an unprecedented move, nine local and national foundations have pledged $330 million to help the city of Detroit settle its bankruptcy, the Detroit Free Press reported.
News
The indefatigable Detroit Free Press once again has the scoop on the latest developments at the Detroit Institute of Arts, and this time it's the release of Christie's appraisal of the museum's collection.
Art
DETROIT — “The greatness of America lies not in being more enlightened than any other nation, but rather in her ability to repair her faults,” wrote Alexis de Tocqueville. The US is great because it can roll up its sleeves and fix its problems. On December 3, US Bankruptcy Judge Steven Rhodes ruled
News
In a legal filing today first reported in the Detroit Free Press, a consortium of Detroit creditors aggressively make their case for the sale of the Detroit Institute of Arts’ collection. The document, dated November 26, charges that emergency manager Kevyn Orr has been insufficiently transparent ab