On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
83° Feels Like: 87°
Wind: SW 13 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 84°

Tonight

Scattered Thunderstorms 68°

Tomorrow

AM Clouds/PM Sun 81°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Christie's values Detroit art at up to $867 million

(Reuters) - The value of the collection at the Detroit Institute of Arts falls within a range from $454 million up to $867 million, auction house Christie's said in its final report to the city's state-appointed emergency manager Kevyn Orr.

The appraisal only covered works owned by the city of Detroit, which account for only around 5 percent of the museum's 66,000 works. The appraisal is marginally above a preliminary estimate from Christie's, which gave a maximum value of $866 million to the works owned by the city.

Emergency manager Orr filed for Chapter 9 bankruptcy protection for Detroit in July and is seeking ways to pay off creditors and fund basic services once the city emerges from bankruptcy.

(Reporting by Nick Carey; Editing by James Dalgleish)

Comments