{"id":49121,"date":"2013-12-04T11:47:36","date_gmt":"2013-12-04T16:47:36","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=49121"},"modified":"2013-12-04T11:47:36","modified_gmt":"2013-12-04T16:47:36","slug":"detroits-endangered-art-collection-may-sell-auction","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/detroits-endangered-art-collection-may-sell-auction\/","title":{"rendered":"Detroit\u2019s Endangered Art Collection May Sell at Auction"},"content":{"rendered":"<p><a href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai.jpg\" rel=\"attachment wp-att-49127\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-49127\" alt=\"dai\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai.jpg\" width=\"900\" height=\"500\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai.jpg 900w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-300x166.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-720x400.jpg 720w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-222x123.jpg 222w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-702x390.jpg 702w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-400x222.jpg 400w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-162x90.jpg 162w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-180x100.jpg 180w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-90x50.jpg 90w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-216x120.jpg 216w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-294x163.jpg 294w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-243x135.jpg 243w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-351x195.jpg 351w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-108x60.jpg 108w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai-200x111.jpg 200w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n<p>Detroit\u2019s financial turmoil is no secret, and it seems the city\u2019s art collection may also be endangered as it moves towards bankruptcy. Some argue that revenue generated from the art (whether through individual sales, auction or lending) may help support Detroit in avoiding bankruptcy.<\/p>\n<p><a href=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1.jpg\" rel=\"attachment wp-att-49133\"><img decoding=\"async\" class=\"alignnone size-full wp-image-49133\" alt=\"dai1\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1.jpg\" width=\"900\" height=\"500\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1.jpg 900w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-300x166.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-720x400.jpg 720w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-222x123.jpg 222w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-702x390.jpg 702w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-400x222.jpg 400w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-162x90.jpg 162w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-180x100.jpg 180w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-90x50.jpg 90w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-216x120.jpg 216w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-294x163.jpg 294w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-243x135.jpg 243w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-351x195.jpg 351w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-108x60.jpg 108w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2013\/12\/dai1-200x111.jpg 200w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n<p>Though the sale of these paintings could generate millions of dollars, <strong>U.S. Bankruptcy Judge Stephen Rhodes<\/strong> comments that \u201cA one-time infusion of cash by selling an asset\u201d would only delay the city\u2019s \u201cinevitable financial future,\u201d reports <i><a href=\"http:\/\/www.nytimes.com\/2013\/12\/04\/us\/fate-of-detroits-art-hangs-in-the-balance.html?_r=0\">The New York Times<\/a>. <\/i>After all, Detroit\u2019s deficit of $18 billion cannot be solved by a one-time transaction, and the sale of Detroit\u2019s valuable art would seemingly gut an important part of the city\u2019s art culture.<\/p>\n<p>Kevyn D. Orr reportedly hired Christie\u2019s to appraise selected pieces from the institute to be made public in December, but there is no word yet on a scheduled private sale or auction.<\/p>\n<p><em>For more on the latest and greatest in design news, visit\u00a0<a href=\"https:\/\/www.facebook.com\/HauteDesignNetwork\">Haute Design Network on Facebook!<\/a><\/em><\/p>\n<p>Photo courtesy of plannerwire.net themarmeladegypsy, imgur<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detroit\u2019s financial turmoil is no secret, and it seems the city\u2019s art collection may also be endangered as it moves towards bankruptcy. Some argue that revenue generated from the art (whether through individual sales, auction or lending) may help support Detroit in avoiding bankruptcy. Though the sale of these paintings could generate millions of dollars, [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":49143,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1757,1],"tags":[3875,3877,3881,3879],"class_list":["post-49121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hdn","category-news","tag-detroit","tag-detroit-art-collection","tag-detroit-bankruptcy","tag-detroit-institute-of-arts"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Detroit\u2019s Endangered Art Collection May Sell at Auction<\/title>\n<meta name=\"description\" content=\"Detroit\u2019s financial turmoil is no secret, and it seems the city\u2019s art collection may also be endangered as it moves towards bankruptcy. 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