|Detroit creditors want role in considering art||| Print ||
|Written by Associated Press|
|Wednesday, 22 January 2014 13:10|
DETROIT (AP) — A judge overseeing Detroit's bankruptcy has heard arguments from creditors who want a role in deciding what to do with the city's valuable art collection.
Judge Steven Rhodes says he'll make a decision Wednesday afternoon. But his comments suggest he's not in favor.
Creditors filed a request two months ago to have a say in the appraisal of art and any potential way to make money from it. But since then, a coalition of foundations has pledged to give more than $300 million to prevent any sale and shore up Detroit pensions. Separately, Gov. Rick Snyder has talked to state lawmakers about the state chipping in.
Christie's auction house appraised about 2,800 paintings, sculptures, pottery and other city-owned art. They're valued between $454 million and $867 million.
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