DIA says it will act to protect art collection

DETROIT (AP) -- The Detroit Institute of Arts says it remains committed to taking action if city-owned parts of its collection are threatened by the city's bankruptcy. The statement from the museum was issued after U.S. Bankruptcy Court Judge Steven Rhodes ruled that Detroit is eligible to fix its finances in bankruptcy court. Emergency manager Kevyn Orr has acknowledged that some art at the Detroit Institute of Arts is owned by the city and not held in trust by the museum. Appraisals are pending. The museum it opposes efforts by certain creditors to allow them to form a committee to oversee the valuation and sale or "monetization" of art. The museum says it is hopeful that Orr will recognize the city's duty to "protect the museum art collection for future generations." Published: Wed, Dec 4, 2013