Art Investment

The university did not give sell his collection

The intention to sell the rights to their art collection to cover the operating costs turned to Fisk University in Tennessee with a lawsuit the state government

Fisk University in Nashville (Tennessee) intends to cover a large financial debt through the sale of the property rights to its rich collection of works of art. Most of the university's buildings have already been laid, and now the university wants to sell half of the rights to assembly, which includes works by Cezanne, Picasso, Renoir and other artists. Buyer ready to act as successor to Wal-Mart's Alice Walton (Alice Walton): 30 million dollars she wants to buy them for their being built Museum of American Art Crystal Bridges (Bentonville, Arkansas).

However against the sale by the Government of the State. In their view, such a guide Fisk violated the will of those who produce university has this collection - American artist Georgia O'Keeffe (Georgia O'Keeffe) and her husband, Alfred Stieglitz (Alfred Stieglitz), a classic of American photography. In 1949 the artist donated the university her late husband's collection of more than 100 works, after which students Fisk University, which was originally established to train African-Americans, have direct access to the classic works of European and American modernism.

Selling rights to part of the works would violate the will of daritelnitsy. However, according to the logic of the present leadership of the university, as long as artists are not African Americans, the sale is quite possible and Walton a worthy buyer, except for the fact that its future museum will be located in Arkansas, which is equally far from both New York and on the New Mexico - places where they lived and worked in Georgia O'Keeffe and Alfred Stieglitz.

While that case remains pending before a court of Tennessee. If the decision is in favor of Fisk University, his students may never be able to see within its walls the originals by Renoir, Picasso, Cezanne and O'Keefe.

Sources: artinfo.com , artinvestment.ru


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