The appraisal only covered works owned by the city of
Detroit, which account for only around 5 percent of the museum's
66,000 works. The appraisal is marginally above a preliminary
estimate from Christie's, which gave a maximum value of $866
million to the works owned by the city.
Emergency manager Orr filed for Chapter 9 bankruptcy protection
for Detroit in July and is seeking ways to pay off creditors and
fund basic services once the city emerges from bankruptcy.
(Reporting by Nick Carey; editing by
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