Fear of art sale sparked by Detroit emergency manager asking for appraisal

[thelakelander]

Wow.

DETROIT (Reuters) - As part of his efforts to solve Detroit's financial crisis, the city's emergency manager Kevyn Orr has asked for an appraisal of the collection at the Detroit Institute of Arts, sparking fears in artistic and philanthropic circles that he means to auction off the city's artistic jewels.

Orr was appointed in March by Michigan's Republican Governor Rick Snyder to tackle the shrinking city's long-term debt problem, which the emergency manager estimated at $15 billion in a recent report on the state of Detroit.

full article: http://news.yahoo.com/fear-art-sale-sparked-detroit-emergency-manager-asking-050359443.html