As if Detroit didn’t have enough problems already…
In the latest chapter on the ongoing woes of the Motor City, the entire collection of the Detroit Institute of Arts (“DIA”) is now being targeted by creditors. You may recall that late last year, Christie’s auction house was retained to value the roughly 1,700 works in the collection which had been purchased using public funds. They concluded that these pieces were worth somewhere in the range of $454 to $867 million, depending on the often widely-ranging vagaries of the art market.
Not satisfied with that outcome, two different groups of creditors are now going on what we in the legal profession like to refer to as a “fishing expedition”, on the assumption that assets are being hidden. One rather ridiculous demand is that the DIA give a full accounting of all of its financial and visitor records, going back to the founding of the museum nearly a century ago – which hardly seems germane to the issue at hand. Another is insisting that the DIA and Christie’s provide a valuation of the museum’s entire collection of well over 60,000 items, not simply valuing those objects purchased using taxpayer money. You can read more about the details of these subpoenas, and why things have reached this point by reading this overview from The Detroit Free Press.
From a legal perspective, the attorneys for the creditors are simply doing their job. There’s nothing at all strange about requesting thousands of pages of documents in a case, particularly when you are dealing with an unprecedented and enormous municipal bankruptcy such as this. These are uncharted waters for everyone, not just the parties themselves, even though the bankruptcy rules themselves are quite plain. Attorneys and courts have an obligation to clients and to the public in any bankruptcy proceeding to make sure that no assets are being hidden or left unvalued.
Yet lost in the shuffle here is the very sad fact that should these efforts lead to a massive sell-off of the DIA’s collection, it is the people of Detroit who are going to lose. If the DIA is dismembered and sold on the open market, no amount of return will really be enough. To paraphrase Aristotle, the value of an art museum as a whole is far greater than the sum of its parts.
As an institution, an art museum preserves the past artistic achievements of mankind, while serving to educate and inspire those who want to admire and learn from such achievements both at present and in the future. The study of art is just as much the study of our own history, as it is the appreciation of beauty. When we go to a museum and look at a painting or a sculpture, we learn not only who made it, but how, when, where, and why it was made. We all benefit, general public and scholars alike, from the work that they do to remind us of who we are, and where we come from.
It is a pity that so many decades of incompetent management, corruption, and single-party governance have led Detroit to this point, where the haunting eyes of Constanza da Sommaia, one of the elegant Mannerist painter Bronzino’s favorite muses, may be about to disappear into some collector’s Swiss bank vault.