On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
51° Feels Like: 51°
Wind: NNW 13 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Tonight

Rain 45°

Tomorrow

AM Showers 57°

Sat Night

Mostly Clear 38°

Alerts

Christie's values Detroit art at up to $867 million

(Reuters) - The value of the collection at the Detroit Institute of Arts falls within a range from $454 million up to $867 million, auction house Christie's said in its final report to the city's state-appointed emergency manager Kevyn Orr.

The appraisal only covered works owned by the city of Detroit, which account for only around 5 percent of the museum's 66,000 works. The appraisal is marginally above a preliminary estimate from Christie's, which gave a maximum value of $866 million to the works owned by the city.

Emergency manager Orr filed for Chapter 9 bankruptcy protection for Detroit in July and is seeking ways to pay off creditors and fund basic services once the city emerges from bankruptcy.

(Reporting by Nick Carey; Editing by James Dalgleish)

Comments