Friday, June 28, 2013
New York's Dia Art Foundation will sell works from its collection by John Chamberlain, Alfred Jensen, Barnett Newman and Cy Twombly at Sotheby's New York this fall. The auction house's Nov. 13 and 14 contemporary art sales will include 27 examples, anticipated to bring in excess of $20 million. The sale will allow the museum to start an acquisitions fund.
Posted by Sergio Muñoz Sarmiento at 3:18 PM
Friday, June 14, 2013
"Obviously with $15-17 billion in long term debt and no way to pay it off, Detroiters are delusional if they don’t think they are going to face painful sacrifices. This is the day of reckoning for a region that has failed in its basic duties."Ouch. Urban analyst, Aaron Renn, has more here.
Posted by Sergio Muñoz Sarmiento at 6:48 PM
Wednesday, June 5, 2013
A state Senate committee moved quickly today to approve a bill that would protect the art collections at the Detroit Institute of Arts specifically, and Michigan museums in general, from liquidation in the event of a municipal bankruptcy proceeding. The bill was introduced Thursday by Senate Majority Leader Randy Richardville, R-Monroe, and approved on a 5-0 vote today by the General Operations Committee.
Posted by Sergio Muñoz Sarmiento at 4:09 PM