2012 YEAR IN REVIEW
The standout news & pop obsessions gleaned from your search habits
Year in Review 2012: Obsessions
Here are the top 10 obsessions that, as ranked by their search volume and percentage spike compared with 2011 on Yahoo!.
- Photo By Kevork Djansezian Sun, Dec 2, 2012 2:00 AM EST
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- Public art project elicits the profound, profane
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- A drop in the bucket? Christie's appraises Detroit's art
By Joseph Lichterman DETROIT (Reuters) - The auction house Christie's put a price tag on one of Detroit's highest-profile city assets, its share of the Detroit Institute of Arts collection, stating that nearly 3,000 works controlled by the city are worth between $452 million and $866 million. The finding by Christie's, hired to place a value on art treasures that could become a contested element of the Detroit bankruptcy, puts a range of value on 2,781 works owned or partially owned by the city. The holdings represent only about 5 percent of the DIA's full collection, but with the finding Tuesday that Detroit is bankrupt under Chapter 9 of the federal bankruptcy code, it is possible the city may seek to monetize some of the artwork. Detroit emergency manager Kevyn Orr retained Christie's in August to appraise city-owned works as part of Detroit's bankruptcy case.