A City Sans Its Beloved Murals?
Well, it’s very sad news that the city of Detroit is bankrupt. It’s symbolic for our downtrodden economy. And yet, a city must do what it has to do to get back on its feet. Detroit is holding a huge auction and thankfully not on the auction block is its famous Diego Rivera Murals depicting Detroit’s Industry as seen here in the Detroit Institute of the Arts.
The murals were originally commissioned by Edsel B. Ford, head of the Ford Motor Company in 1932 for $20,800 and then donated to the city of Detroit. They cover 4,032 square feet walls of the city’s museum and are have become a part of Detroit’s culture with visitor coming from miles to see them.
Christie’s Auction House has appraised the Detroit Museums Art Collection while not including the Diego Murals from $452 million and $866 million. Although many of the works of art will not be necessarily sold, they can be leveraged against the city’s $18 billion debt.


