Kevyn Orr open to ideas on DIA collection - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Kevyn Orr open to ideas on DIA collection

Posted: Updated:
DETROIT, Mich. (WJBK) -

Emergency Manager Kevyn Orr addressed the city's finances while attending the Detroit Economic Club luncheon Thursday. During his speech, he also addressed a very hot topic: the auctioning of the Detroit Institute of Art's collection.

The artwork inside the museum is known to be worth hundreds of millions of dollars. Rumors that the collection will be sold off to repay the city's creditors have been swirling for months, especially when representatives from Christie's Auction House came to town.

Thursday Orr finally addressed the issue publicly, saying right now he has no specific plan on what to do with the DIA collection, and is hoping for input.

"I have a fiduciary obligation to account for all the assets of the city of Detroit, and foremost amongst them might very well be DIA," Orr says. "I'm hoping that all of you, in addition to the folks who are operating DIA, ... are able to come up with a solution that makes sense both for the city and for the creditors in that fashion. If they don't though, I have an obligation to develop a solution my own."

Click on the video player above to hear more from Orr on the issue.

Orr says a possible solution is to lease some of the art long-term to other museums across the country. There are no officials plans for that yet, Orr has just mentioned that as one possible way for the city to make money off of the art.  

Christie's is expected to finish its appraisal of the most valuable pieces in the museum's collection by the end of October, and the rest of the evaluation should be completed in November.

  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
  • Local NewsLocal NewsMore>>

  • Renisha McBride's family leaves courtroom as photos are shown

    Renisha McBride's family leaves courtroom as photos are shown

    Thursday, July 24 2014 6:29 PM EDT2014-07-24 22:29:16 GMT
    On day two of the trial for Renisha McBride's shooting death, the final hours of her life and the moments after her death were detailed in court. Thursday the jury heard what Ted Wafer, her accused killer, told police about the shooting that night.  
    On day two of the trial for Renisha McBride's shooting death, the final hours of her life and the moments after her death were detailed in court. Thursday the jury heard what Ted Wafer, her accused killer, told police about the shooting that night.  

  • Romulus teen dies after crashing car during police chase

    Romulus teen dies after crashing car during police chase

    Thursday, July 24 2014 5:43 PM EDT2014-07-24 21:43:30 GMT
    An 18-year-old man is dead after a police chase ended in a crash. The chase ended on Beverly Street in Romulus.
    An 18-year-old man is dead after a police chase ended in a crash. The chase ended on Beverly Street in Romulus.
  • Science lover looking for a place to call home

    Science lover looking for a place to call home

    Thursday, July 24 2014 5:34 PM EDT2014-07-24 21:34:22 GMT
    Right now, about 300 children in Michigan are waiting to be adopted. Many of them are teens.One of the is Marvin, whose love for science goes to infinity and beyond. He's been in foster care for a long time but he still dreams of finding a place to call home.
    Right now, about 300 children in Michigan are waiting to be adopted. Many of them are teens.One of the is Marvin, whose love for science goes to infinity and beyond. He's been in foster care for a long time but he still dreams of finding a place to call home.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices