"With the city of Detroit in dire economic straits, it seems - TopicsExpress

"With the city of Detroit in dire economic straits, it seems Michigan Governor Rick Snyder contacted Christie’s, the famed auction house, to help auction off works from the Detroit Institute of Art to generate some much-needed cash for the bankrupt city. "This is no average city museum. It’s home to one of the best art collections in America, valued at roughly $1 billion. "I can’t help but wonder what America’s auto barons like the Dodges, Firestones and especially Edsel and Eleanor Ford – whose donations and charitable support over the decades has created the cultural gem that is the Detroit Institute of Art – would think of their art being auctioned off to pay government debt. "It’s a dramatic turn of events in less than a century… and not a good sign." From: sovereign-investor/2013/08/09/the-detroit-or-new-american-yard-sale-coming-to-a-city-near-you/

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