The big Three in the auto world (Ford, GM and Chrysler) have pledged $26 million toward the fund to save Detroit’s artwork from being placed on the auction block. The group working toward saving the artwork is trying to raise $800 million to prevent the city-owned Detroit Institute of Art’s sale by transferring the artwork into a trust. The city would use the money to pay its creditors through bankruptcy.
For the full story read, “Detroit Automakers Pledge $26 Million to Help Save City’s Art.”
