DETROIT (WXYZ) - The Detroit Institute of Arts is expressing disappointment at the bankruptcy filing and says it is committed to protecting its art collection.
"Like so many with deep roots in this city, the Detroit Institute of Arts (DIA) is disappointed that the Emergency Manager determined it was necessary to file for bankruptcy. As a municipal bankruptcy of this size is unprecedented, the DIA will continue to carefully monitor the situation, fully confident that the emergency manager, the governor and the courts will act in the best interest of the City, the public and the museum. We remain committed to our position that the Detroit Institute of Arts and the City of Detroit hold the DIA's collection in trust for the public and we stand by our charge to preserve and protect the cultural heritage of all Michigan residents."
Detroit Emergency Manager Kevyn Orr had previously ordered the appraisal of 60,000 pieces of artwork at the DIA.
It sparked fear that the priceless collection could be sold to help pay off the city's enormous debt.
Weeks after the appraisal, the state Senate approved a bill that would prevent the DIA's collection of art from being sold.