NYT - Detroit’s Creditors Eye Its Art Collection (Christies Auction House Asseses Collection)

[stlsaxman]

http://www.nytimes.com/2013/07/20/arts/design/detroits-creditors-eye-its-art-collection.html?hpw&_r=0

About a month ago, the institute’s officials were contacted by Christie’s auction house, which asked for an inventory of works and asked if appraisers could visit to assess the collection. It is unclear whether such a visit took place and whether it was creditors or someone else who enlisted Christie’s to begin an appraisal. (Mr. Nowling said that the emergency manager’s office did not do so, and Christie’s declined to comment.)

Bankruptcy lawyers say the issue of the value of such cultural assets goes beyond philosophical or moral arguments.

VULTURE CAPITALISM AT ITS FINEST.

[Half-Century Man]

1. If...

...the auction houses began an assessment of the valuables of Detroit a month ago. Then this bankruptcy was long in the planning. I suggest tailoring the title from the misleading Emergency Manager to the more accurate Evisceration Manager.

[stlsaxman]

2. BINGO!!!!

ding-ding-ding-ding-ding-ding-ding....

[stlsaxman]

3. this pisses me off so much...

my first thought was "not if I go up there and steal it first!"

[Brickbat]

4. "Bankruptcy lawyers say the issue of the value of such cultural assets goes beyond philosophical or

moral arguments."

Which...pretty much sums up our country's problems in one sentence. It's all about the do re mi.

[Scootaloo]

5. What are the options of the people of Detroit?

Their city is being torn apart by the human equivalent of hyenas, and when they're done the people of Detroit will only be worse off. Culturally barren, economically excluded, their city scraped out from under them by an installed fascist regime. Where do they turn? What can they do?