Monday, August 5, 2013

Reuters: U.S.: Christie's hired to appraise Detroit art collection

Reuters: U.S.
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Christie's hired to appraise Detroit art collection
Aug 5th 2013, 18:29

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A detail of the facade of the Detroit Institute of Arts is seen in Detroit, Michigan June 2, 2013. REUTERS/Rebecca Cook

A detail of the facade of the Detroit Institute of Arts is seen in Detroit, Michigan June 2, 2013.

Credit: Reuters/Rebecca Cook

DETROIT | Mon Aug 5, 2013 2:29pm EDT

DETROIT (Reuters) - Famed auction house Christie's said on Monday that it was hired to appraise a portion of the Detroit Institute of Arts' collection, which includes works by Vincent van Gogh, Henri Matisse and Diego Rivera.

Christie's will also "assist and advise on how to realize value for the city while leaving the art in the city's ownership," according to a statement.

The review is part of the Detroit's ongoing efforts to determine the value of the city's assets after its Chapter 9 bankruptcy filing in July.

(Reporting by Deepa Seetharaman; Editing by Gerald E. McCormick)

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