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DIA's Detroit-bought art worth as much as $870 million
DETROIT — The nearly 2,800 pieces of city-bought art at the Detroit Institute of Arts have a fair-market value between $452 million and $866 million, according to a letter dated Wednesday and delivered to Detroit emergency manager Kevyn Orr by Christie’s auction house. The letter, obtained by the Detroit Free Press, said that the lower number represents a conservative price and the higher represents the most advantageous price at which the art would change hands.
