Detroit Institute of Arts Collection Valued Between $1.1-Billion and $4.6-Billion

6:21 am
Thu July 10, 2014

Detroit Institute of Arts Collection Valued Between $1.1-Billion and $4.6-Billion

Lead in text: 
Wide range is reflection of uncertainty of art market
A New York art investment firm brought in to appraise the full collection at the Detroit Institute of Arts puts its total value between $1.1 billion and $4.6 billion. Artvest Partners principal Michael Plummer was hired by the DIA and the city to prepare an expert report on the museums value in response to claims by some creditors that an earlier Christies appraisal grossly undervalued the collection.