Wednesday, December 5, 2012
Pixels in Detroit!
Laura Berman's Coaccession column beautifully captures the museum crowd's reaction to art finance innovation, but then, to the museum crowd, growing an art collection's financial value trumps public safety. The column's important point was the Pam Marcil quote. The DIA Founders Society board has a fiduciary duty to fulfill, and where's their plan for a Detroit default going? "Those are uncharted waters. It's all speculative." Well, that's a great plan. Who's got the more dangerous experiment, Coaccession or plain accession?