BWW Reviews: What's All This Fuss About Detroit's Art at Risk; Where Does It All End Up Anyway?
What's all this fuss about Detroit's art at Risk; Where does it all end up anywhere?
So what of Detroit's mess. Detroit has been dying since the late 80's. Put a fork in it- it's done. The Japanese made a better product and Detroit has been taking advil ever since for what has swooned to be $18 Bill of debt headaches. The Detroit Institute of Art- DIA was not set up as a non-profit and the art may be vulnerable to a firehouse sale to satisfy some of the debt. The wolves and bottom feeders are on the proul for the wounded, wearing friendly faces and yet ready to dine on large commissions. Christes is appraising the value of the whole collection. They'll come close to a $2 Billion estimated value for the whole kit and Kaboodle. What's a Kaboodal worth anyway? If the whole shebang was worth $18B I'd think some more , however at 11% of gross debt (ain't all debt ugly?) I'd let the Museum stay intact and let it slide as it won't cure the problem. Turn the Museum to a non-profit to stop this from happening again.
Better yet have President O'Bama forgive some debt, sort of like bank deals or do a long term government loan. Maybe let the treasury buy some, they (we?) still hold a bunch of GM stock. Maybe make the Museum a part of the Smithsonian in good old Detroit. Or, Barry the Bomber ( think three point chucker and not nuke dropper) could use the $1.3B we give Egypt yearly to buy some art. Maybe a chunk of the military budget for Art used as a war on war with a cultural deploy, a war of good. Imagine, John, the kids coloring and painting, playing with clay, smiling and happy. War art to kill the war.
Back on earth.
What's the difference if a museum sells it's art- decessioning- the cancer word of the Museum art world? What if it sells at Sotheby's or Christies? Whose gonna buy it? It's always been private wealthy individuals. In the end they give it away, loan it or build their own museum. The more corrupt they are the more they give away. Steven Cohen will be giving much away one day soon. The Corocoran in D.C. was established as a tax swap for debt to the government.