Regional Governments Warn Detroit About Tax Loss If DIA Art Sold

“On Tuesday, officials in Oakland County — one of three Michigan counties that agreed last year to institute a property tax increase to save the Detroit Institute from devastating budget cuts — unanimously approved a resolution warning that any attempt to use the museum’s collection or budget to raise money for the city’s creditors would “terminate any obligation” of the county to continue to provide support.”

Simon & Schuster And Barnes & Noble Settle Their Feud

“The two companies said Monday that an eight-month-long dispute that had reduced the number of Simon & Schuster titles appearing in Barnes & Noble stores has been settled. The bookstore chain and the publisher had been at odds over various financial issues, including which of them would bear the burden of e-book discounting and in-store promotional costs.”

Christie’s Sued By Insurer Over Superstorm Sandy Damage

“Christie’s Fine Art Storage Services is being hit with a lawsuit in New York court alleging that its ‘gross negligence’ during Superstorm Sandy damaged art collected by late cellist Gregor Piatigorsky. The facility in Red Hook, Brooklyn is a wholly owned subsidiary of Christie’s auction house that stores and protects art for outside clients.”