Art Law Report

All Sides Show Their Cards on Detroit Institute of Arts Collection as Bankruptcy Trial Begins

Posted by Nicholas O'Donnell on September 4, 2014 at 7:44 AM

Opening statements concluded in the Detroit Bankruptcy trial yesterday, and as expected, the role of the art at the Detroit Institute of Arts played a central role. Although opening statements constitute nothing of evidentiary value, they obviously show the road map that the various sides intend to follow. Thanks to courtroom reporting, we have a number of clues about the themes that the lawyers intend to develop.

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Topics: Deaccession, Syncora Capital, Kate Wells, Detroit Institute of Arts, DIA, Detroit Bankruptcy, grand bargain

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