Valuing Detroit's Art Museum / Palgrave Studies in American Economic History (PDF)

Name: Valuing Detroit's Art Museum / Palgrave Studies in American Economic History
Brand: Springer-Verlag GmbH
SKU: 103347753
Price: 120.99 EUR
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A History of Fiscal Abandonment and Rescue (Sprache: Englisch)

Autor: Jeffrey Abt

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Valuing Detroit's Art Museum / Palgrave Studies in American Economic History, Jeffrey Abt

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This book explores the perilous situation that faced the Detroit Institute of Arts during the city's bankruptcy, when creditors considered it a "nonessential asset" that might be sold to settle Detroit's debts. It presents the history of the museum in the context of the social, economic, and political development of Detroit, giving a history of the city as well as of the institution, and providing a model of contextual institutional history.

Abt describes how the Detroit Institute of Arts became the fifth largest art museum in America, from its founding as a private non-profit corporation in 1885 to its transformation into a municipal department in 1919, through the subsequent decades of extraordinary collections and facilities growth coupled with the repeated setbacks of government funding cuts during economic downturns. Detroit's 2013 bankruptcy underscored nearly 130 years of fiscal missteps and false assumptions that rendered the museum particularly vulnerable to the monetary power of a global art investment community eager to capitalize on the city's failures and its creditors' demands.

Autoren-Porträt von Jeffrey Abt

Jeffrey Abt is Professor at Wayne State University in Detroit, USA. He has written two previous books, A Museum on the Verge: A Socioeconomic History of the Detroit Institute of Arts, 1882-2000 and American Egyptologist: The Life of James Henry Breasted and the Creation of His Oriental Institute. Abt is also co-editor of the Museum History Journal.