tag:blogger.com,1999:blog-7575323233407462974.post4179317633187530103..comments2023-10-30T05:10:31.292-04:00Comments on The Deaccessioning Blog: To Save Detroit, What Goes First, Pensions or Art? Sergio Muñoz Sarmientohttp://www.blogger.com/profile/18365215427617702363noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7575323233407462974.post-63517952748564525462013-07-21T18:52:33.902-04:002013-07-21T18:52:33.902-04:00Detroit's investment in artworks is on more-or...Detroit's investment in artworks is on more-or-less the same scale as Dr. Barnes's investment in education: the artworks Barnes left his Barnes Foundation school are worth on the order of $25 billion. Capital value on that scale could not only fund Detroit's unfunded liabilities, but fund security and insurance for Detroit's DIA artworks and fund arts programs throughout the city. You may wonder why Detroit's $25 billion would fund security and insurance for DIA artworks if that money is earning cash for unfunded liabilities and arts programs. Wouldn't Detroit's DIA artworks be gone if Detroit had the use of $25 billion?<br /><br />If Kevyn Orr uses bankruptcy to clear away the DIA Operating Agreement that has let DIA Corp. so far block his call for selling artwork covenants instead of artworks, DIA artworks hanging on DIA walls could earn cash for Detroit's recovery. With a Detroit Arts Commission run by Detroit artists instead of suburban billionaire art collectors, arts teachers, prizes, commissions, scholarships, etc. would get the kind of funding that now goes to DIA Inc. curators who sell what the Detroit's DIA collection already has to buy what their hearts desire. If you want a vibrant Detroit, let Detroit artists guide the spending of available funds from the Detroit Arts Endowment.<br /><br />Dr. Markhttps://www.blogger.com/profile/14615091282331722833noreply@blogger.com