Detroit Heads to the Pawn Shop
Last week, Emergency Manager (and bankruptcy lawyer) Kevyn Orr decided to list the holdings of the Detroit Institute of Arts among the city’s assets in preparation for a possible bankruptcy. If the city goes through with it, it could be forced to sell off any of its assets—which now include the museum’s collection....

...The collection, which include treasures by Bruegel, Rodin and van Gogh as well as Diego Rivera’s famous “Detroit Industry” murals, is ostensibly worth billions of dollars, but those measures can’t really capture what such artistic treasures mean to a community....