Judge Backs Sale of Fisk U. Art (With Severe Restrictions)

November 5, 2010

A Tennessee judge on Thursday granted financially imperiled Fisk University's request that it be allowed to sell off part of its renowned art collection -- but imposed restrictions on the sale that left Fisk officials balking, The Tennesseean reported. Under the ruling, which was the latest step in a long-running saga over Fisk's attempts to sell a collection of Impressionist and Georgia O'Keeffe paintings, the judge ruled that Fisk could sell the works to another museum, but said that it had to put two-thirds of the expected $30 million in proceeds into a trust aimed at preserving the art if Fisk were to go under, the newspaper ruled. The ruling reportedly disappointed both Fisk officials and the state attorney general, which has sought to stop the sell-off.

+ -

Expand commentsHide comments  —   Join the conversation!

Opinions on Inside Higher Ed

Inside Higher Ed’s Blog U

Back to Top