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After years of litigation, Fisk University has finalized a deal to sell a half share in its renowned art collection to the Crystal Bridges Museum of American Art, The Tennessean reported. Fisk will receive $74 million to give the museum the right to display the art for two-year periods, rotating with periods in which the art will reside at Fisk. Many in the art world have criticized Fisk for selling the collection, which was donated by Georgia O'Keeffe in 1949, with a request that it never be sold. Fisk, a financially troubled historically black college, has said that it needs the money to stabilize its budget.
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