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Selling Off Detroit’s Art Could Depress Global Market

July 30, 2013

In efforts to recover from the biggest U.S. municipal bankruptcy, Detroit has looked into the liquidation of their $1billion+ art collection at the Detroit Institute of Arts.  The large sum of money would definitely bring relief to the struggling city, but flooding the market with a high number of masterpieces will cause large problems in the global market.

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Selling Off Detroit’s Art Could Depress Global Market

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