1. Priceless

    $330M Offered to Save Detroit Art

    DETROIT, MI - SEPTEMBER 03:  A man looks at a painting at the Detroit Institute of Arts (DIA) on September 3, 2013 in Detroit, Michigan. Detroit, once known as powerhouse for creativity, engineering and manufacturing thanks to the many automotive companies based here, had to declare bankruptcy last month after decades of a shrinking population and lack of jobs. As the city government struggles for a way to pay off its debts, the idea of selling off some of the DIA's collection has been suggested. The DIA was founded in 1885, covered over 600,000 square feet and is home to thousands of pieces of art spanning continents and millenia.  (Photo by Andrew Burton/Getty Images)

    Andrew Burton/Getty

    A dozen private charitable foundations pledged more than $330 million on Monday to save Detroit's art collection and help pensioners facing steep cuts thanks to bankruptcy proceedings.The Detroit Institute of Art's collection—including works by Rembrandt, Rodin, Cezanne, and Matisse—was recently appraised by Christie's ahead of a possible sale to creditors. Some of the foundation's money is intended to go to city retirees. Though the purse will barely make a dent in the $3.5 billion they're owed in pension claims.

    Read it at Detroit News