Emphasizing the recent vote by Michigan’s Oakland County to withdraw support for the museum if any works were to be sold, DIA Director Graham W. J. Beal has stated in the September museum newsletter that “selling any art would be tantamount to closing the museum.”  Beal continues by questioning the valuation of the museum’s assets, particularly the Tintoretto ceiling painting in its lobby.  “You may have read in the Detroit Free Pressthat an expert valued the painting at $100 million. This came as a surprise to us as, a couple of years ago, for insurance purposes, a different expert assessed the painting at $2 to $3 million.”  He writes.
Read more in the DIA September Newsletter

This entry was posted on Tuesday, September 3rd, 2013 at 7:08 pm and is filed under Art News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.