How to value a bankrupt city’s art collection

Jonathan T.D. Neil, from the October 2013 issue

By Jonathan T.D. Neil

Children of Men (film still), 2006, dir Alfonso Cuarón. Courtesy Universal Studios

Alfonso Cuarón’s postapocalyptic Children
 of Men (2006) has something to tell us about the debate that is unfolding over the Detroit Institute of Arts’s collection and whether it should – ‘can’ is a question for a bankruptcy judge – be sold to help pay the city of Detroit’s creditors who include retired public employees, but also institutional investors such as hedge and pension funds that hold municipal bonds, as well as other financial stakeholders. And by this I mean that…

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