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Christie's hired to appraise Detroit's art collection

A viewer looks at The Detroit Institute of Arts display of nearly all of the works in its collection by Pablo Picasso and Henri Matisse.
AP
A viewer looks at The Detroit Institute of Arts display of nearly all of the works in its collection by Pablo Picasso and Henri Matisse.

Famed auction house Christie's said today that it was hired to appraise a portion of the Detroit Institute of Arts' collection, which includes works by Vincent van Gogh, Henri Matisse, and Diego Rivera.

Christie's will also "assist and advise on how to realize value for the city while leaving the art in the city's ownership," according to a statement.

The review is part of the Detroit's ongoing efforts to determine the value of the city's assets after its Chapter 9 bankruptcy filing in July.

—By Reuters.