A federal judge ruled against debtors seizing paintings and sculptures from Detroit’s Insitute of Art. Bankruptcy vultures were seeking $800 million from the sale of masterpieces by Brueghel, Tintoretto, Frank Stella, and Frederick Edwin Church as well as Van Gogh’s PORTRAIT OF A POSTMAN, which was the first painting I saw at Boston’s MFA in the early 60s.
The painting would probably get close to $100 million at auction.
The Detroit Institute of Art remains under threat.
The city has yet to settle its other woes, but I think burning the banks might be a good course of action.
BURN BABY BURN.