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Expert Analysis

Rare Window Onto Artwork Valuation Issues In Insolvency

Law360, New York (August 8, 2014, 9:34 AM EDT) -- In the city of Detroit's Chapter 9 bankruptcy case, the future of the Detroit Institute of Arts has been a key point of contention between the city and several of its bondholders for many months. Almost unique among American art museums, the DIA's collection is owned directly by the city, and the preliminary question has been whether the DIA's collection can be sold or otherwise monetized to pay down the city's debts....

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