{"id":10061,"date":"2013-12-19T17:55:54","date_gmt":"2013-12-19T17:55:54","guid":{"rendered":"https:\/\/rehs.com\/blog\/?p=10061"},"modified":"2024-04-02T07:25:18","modified_gmt":"2024-04-02T11:25:18","slug":"christies-values-detroits-art-at-454m-867m","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2013\/12\/christies-values-detroits-art-at-454m-867m\/","title":{"rendered":"Christies Values Detroits Art at $454M-$867M"},"content":{"rendered":"<p>While there has been a bit of controversy over whether or not Detroit should sell off the artwork owned by the city to repay creditors, that hasn&#8217;t stopped them from having the works appraised. It has taken quite a bit of time, but Christie&#8217;s has completed the appraisal of almost 2,800 works at the Detroit Institute of Arts and has determined the value to be in the range of $454-867 million. That works out to roughly $162,000-309,000 per piece! Keep in mind that some of the works make up a significant portion of that estimate, such as Van Gogh&#8217;s\u00a0<em>Self Portrait with Straw Hat<\/em> which is estimated to be worth between $80-150 million on its own. And let&#8217;s not forget that we are talking about $18 <span style=\"text-decoration: underline;\">BILLION<\/span> of debt. Even at the high estimate, they are not making a huge dent in that figure.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/abcnews.go.com\/Entertainment\/wireStory\/christies-delivers-final-report-detroit-art-21262687\"><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2013\/12\/Van_Gogh_Self-Portrait_with_Straw_Hat_1887-Detroit.jpg\" alt=\"Christies Values Detroits Art at 4M-7M - ABC News\" width=\"221\" height=\"286\" \/><\/a><\/p>\n<p><a href=\"http:\/\/abcnews.go.com\/Entertainment\/wireStory\/christies-delivers-final-report-detroit-art-21262687\">Christies Values Detroits Art at $454M-$867M<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While there has been a bit of controversy over whether or not Detroit should sell off the artwork owned by the city to repay creditors, that hasn&#8217;t stopped them from having the works appraised. It has taken quite a bit &hellip; <a href=\"https:\/\/rehs.com\/eng\/2013\/12\/christies-values-detroits-art-at-454m-867m\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[11,9],"class_list":["post-10061","post","type-post","status-publish","format-standard","hentry","category-rehs-galleries","category-rehs-contemporary","tag-rehs-contemporary-news","tag-rehs-galleries-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Christies Values Detroits Art At $454m-$867m<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2013\/12\/christies-values-detroits-art-at-454m-867m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Christies Values Detroits Art at $454M-$867M\" \/>\n<meta property=\"og:description\" content=\"While there has been a bit of controversy over whether or not Detroit should sell off the artwork owned by the city to repay creditors, that hasn&#8217;t stopped them from having the works appraised. 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