Detroit Institute of Arts, should the art be sold? - New York News

Detroit Institute of Arts, should the art be sold?

Posted: Updated:

Opinion by Mike Renda
General Manager, WJBK Fox 2

Detroit's bankruptcy filing has set off a strong set of emotions, but perhaps the most intense reaction to this dire situation comes from the  possibility of selling off the art at the Detroit Institute of Arts.

On one side: The argument that because the DIA is a crown jewel of the city. Its art collection must remain in the public trust. and therefore is off limits to claims in federal bankruptcy

On the other side: The needs of the common man.  We should consider selling the art before we cut worker's pensions or continue to under fund the basic safety services, vital to residents in Detroit.

Here's what I think:

Emergency manager Kevyn Orr must include the DIA in his overall analysis of  the city's assets.

But to sell the art could potentially flood the art market and ultimately reduce the true value of the art.

It would also deprive the city of potential tourist dollars, so selling the art  would be against the long term interest of the city

So what should we do here?

I advocate an approach that other financially challenged museums have adopted identified as the "partial interest plan."

It involves holding joint custody of the paintings and sculptures with another museum.

A recent example was Fisk University Museum in Tennessee, selling a 50-percent stake to "Crystal Bridges," the private museum founded by Alice Walton of Walmart.

So instead of saturating the art market the city could get more money by limiting the nature of the sale and would  result in the city netting millions of dollars for selling just "half" of the rights.  The most valuable works can then spend half of their time in each museum.

The millions in revenue from this plan allow the DIA to keep it's art, but also provides the means to take a large chunk out of the city's debt.

We must  be open to looking at all options when it comes to this extremely difficult  situation.

That's what I think, but I  want to hear from you.  Please add your thoughts below.

  • Local NewsLocal NewsMore>>

  • 3 NJ mayors to announce anti-crime plan

    3 NJ mayors to announce anti-crime plan

    Monday, July 28 2014 9:03 AM EDT2014-07-28 13:03:29 GMT
    The mayors of three of New Jersey's largest cities are announcing a joint initiative to combat violent crime. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres have scheduled a news conference in Jersey City for Monday afternoon to announce the plan. The news conference is being held in one of Jersey City's most crime-plagued neighborhoods.
    The mayors of three of New Jersey's largest cities are announcing a joint initiative to combat violent crime. Newark Mayor Ras Baraka, Jersey City Mayor Steven Fulop and Paterson Mayor Jose Torres have scheduled a news conference in Jersey City for Monday afternoon to announce the plan. The news conference is being held in one of Jersey City's most crime-plagued neighborhoods.
  • Man charged with shooting pet turtle

    Man charged with shooting pet turtle

    Monday, July 28 2014 8:26 AM EDT2014-07-28 12:26:19 GMT
    A Stonington man has been charged with cruelty to animals after police say he shot his girlfriend's pet turtle. Steven Richard, 31, reportedly used a BB gun to shoot the turtle in the head Friday night outside a home on Pawtucket Avenue. Police responded to the home just after 8 p.m. when a neighbor reported an argument between Richard and the woman who lives there.
    A Stonington man has been charged with cruelty to animals after police say he shot his girlfriend's pet turtle. Steven Richard, 31, reportedly used a BB gun to shoot the turtle in the head Friday night outside a home on Pawtucket Avenue. Police responded to the home just after 8 p.m. when a neighbor reported an argument between Richard and the woman who lives there.
  • Man dies trapped in elevator shaft

    Man dies trapped in elevator shaft

    Monday, July 28 2014 8:06 AM EDT2014-07-28 12:06:40 GMT
    New York City NewsNew York City News
    A man died after becoming trapped between an elevator shaft and elevator car in the Bronx, said police. Police were called to 680 Tinton Ave. in The Bronx at about 3:55 a.m. on Monday. The man was found unconscious between the 18th and 19th floors. It is not clear how the man became trapped. A police investigation was underway. The medical examiner will determine the cause of death.
    A man died after becoming trapped between an elevator shaft and elevator car in the Bronx, said police. Police were called to 680 Tinton Ave. in The Bronx at about 3:55 a.m. on Monday. The man was found unconscious between the 18th and 19th floors. It is not clear how the man became trapped. A police investigation was underway. The medical examiner will determine the cause of death.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices