“This is like the weighing of souls.”
August 20, 2013 1:20 PM Subscribe
Christie's Auction House is set to appraise The Detroit Institute of Art's holdings
as part an accounting of Detroit's assets. According to Art Market Monitor
, the danger of the appraisal now taking place ... is that it will reveal a much greater value than the $2.5bn bandied about recently.
Todd Levin, a Detroit-born art adviser and director of the Levin Art Group in New York, said the value of the museum’s entire 60,000-piece collection would have to be significantly higher — “at least in the low to mid-11 figures,
In other words, at least $10 billion to $20 billion. (Previously