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Valuing Detroit’s Art Museum

Part of the Palgrave Studies in American Economic History Book Series

DOI: 10.1007/978-3-319-45219-7

ISBN: 978-3-319-45218-0

Publisher: Springer International Publishing - Springer Journals

Mar 28, 2017

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Chapter 1The Detroit Museum of Art

Abt, Jeffrey

Pages: 1 –44

[Little in Detroit’s origins suggests it might create one of America’s largest and most distinguished art museums. The city began as a settlement along the western side of a waterway that became a route for westward expansion and trade through the chain of “great lakes” from the Atlantic coast to...
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Chapter 2The Detroit Institute of Arts, the Founders Society, and the City

Abt, Jeffrey

Pages: 45 –81

[Just as the DMA trustees were preparing to dissolve their nonprofit corporation, a seemingly minor problem surfaced. It had about $27,000 in acquisition endowments and cash. Because the endowments were structured as trusts administered by the museum’s board, it was unclear whether or not, from a...
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Chapter 3Building Additions, Detroit’s Decline, and State Rescue

Abt, Jeffrey

Pages: 83 –119

[The Founders Society’s involvement in museum affairs continued to grow well beyond buying art and as its activities expanded it began to hire ever more employees. To supervise them the Society appointed its first full-time executive in 1960, a step that enabled the Society to articulate and...
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Chapter 4Failed Plans, Fresh Crises, a New Relationship

Abt, Jeffrey

Pages: 121 –149

[The 1980s were the museum’s most prosperous era since the 1920s despite its occasional disputes with Young. Buoyed by ever higher allocations from the state, the museum spent freely on exhibitions, including several it originated such as Puppets: Art and Entertainment based largely on its...
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Chapter 5New Starts, Then Detroit’s Bankruptcy

Abt, Jeffrey

Pages: 151 –191

[In the midst of final negotiations over transferring the museum’s operations to the Founders Society, Sam Sachs resigned to direct the Frick Collection in New York. By early 1998 the Commission and Society hired a head-hunting firm to search for his successor and among the candidates it...
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Chapter 6Valuing Art, Trusts, and Return to the Beginning

Abt, Jeffrey

Pages: 193 –235

[Early in August 2013 Orr announced he was hiring outside experts to appraise “the full range of city assets” such as parking meters and garages, parks, including Belle Isle located in the Detroit River, other publicly owned land, the Detroit–Windsor Tunnel, the Coleman A. Young International...

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