A bit of me died when I read this headline from the Los Angeles Times:
Breaking: Detroit's creditors want entire art museum collection to be fair game
Creditors in Detroit’s municipal bankruptcy have engineered a new appraisal aimed at putting the Detroit Institute of Arts' entire collection in play as a possible chip to maximize the amount the city will be obligated to ante up for debt repayment.The Detroit News reports that, at some creditors’ behest, the city’s bankruptcy managers have begun trying to place a value on the museum’s entire 66,000-piece collection. That’s quite an escalation from a previous appraisal of only about 1,700 works that the DIA had bought with city funds.
So they liquidate the collection, get close to a billion dollars cash. I bet it would be gone in five years -- they would see all sorts of need for redistributive welfare programs to help the poor.
Who gave these idiots this power? I once visited this museum. It is an amazing collection. The idea that they are talking about breaking it up beggars the immigination...
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