The DIA Document: Here’s the (latest) motion related to the DIA art sale

The DIA Document: Here’s the (latest) motion related to the DIA art sale

Bond insurer Financial Guaranty Insurance Co. is seeking to “conduct due diligence” on the collection at the Detroit Institute of Arts and in this motion asks Bankruptcy Judge Steven Rhodes to allow it. Such “due diligence” means accurately determining the value of the art, as pertinent to the ongoing bankruptcy proceedings, which require an analysis of the city’s assets. FGIC says it has four buyers interested in pieces from the collection. They are listed in the motion

4.9.14 Creditors Motion on DIA Collection