Bankruptcy
Feb. 5, 2014
Rock bottom: creditors circle Detroit's pricey art collection
One auction house recently opined that the works could bring as much as $867 million - and here is the part that is shocking - for just 5 percent of the museum's art. By Jonathan Michaels
It's absolutely incredible when you think about it. How something so majestic, so profitable, could have fallen so far. At a point in time, it represented all that was right with America - all of the hope and opportunity that served as the foundation for the American Dream. Yet now, it is a shell of that existence, rife with lost ambition and viral despair.
Detroit once stood as the city with the highest per-capita income in the...
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