A view of a gallery at the Detroit Institute of Arts Museum, which faces a possible sale of some its collection as the city deals with bankruptcy. (Bill Pugliano / Getty Images)
Mellon, Getty Trust pledge $13 million for Detroit art museum
Under terms of the grand bargain, the city of Detroit will transfer ownership of the DIA's art collection to the nonprofit organization that operates the museum.
Museum leaders around the country have voiced concern in recent months over the fate of DIA's collection after some Detroit leaders suggested that artwork be sold to help alleviate the city's financial burdens. The city declared bankruptcy in 2013.
Last month, the city's creditors put in motion an effort to appraise the museum's collection, about 66,000 pieces of art.
James Cuno, president and chief executive of the Getty Trust, said in a prepared statement Wednesday that the Getty is "proud to participate with other distinguished supporters in addressing the unique situation that is currently facing the DIA, through no fault of its own."
On Monday, automakers Ford, General Motors and Chrysler announced that they are donating a total of $26 million toward the museum's goal. Chrysler is donating $6 million, while Ford and GM are donating $10 million each.
Full Times article found here
Great to hear the large foundations getting involved. Still a long way to go before the artwork is safe from a fire sale. It will be interesting to see where else moneys can be raised. I'm also interested to see where the full collections appraisal comes in. I'm sure there are private collectors lining up to move these public paintings into their private hands. Lets hope that never happens and the public museum stays intact. GL