|The First Art Newspaper on the Net
||Established in 1996
|| Saturday, May 28, 2016
|Tennessee court decision may finally end Fisk art case |
This flie image provided by Fisk University shows the 1927 painting by Georgia O'Keeffe, "Radiator Building -Night, New York, " which is part of a 101-piece collection donated to the historically black university by the late artist. AP Photo/Fisk University.
By: Sheila Burke, Associated Press
NASHVILLE (AP).- Fisk University may soon be able to generate cash from its 101-piece art collection donated by the late painter Georgia O'Keeffe.
On Monday, the Tennessee Supreme Court announced that it would let stand a ruling allowing the historically black university to complete a $30 million deal to sell a 50 percent stake in the collection to the Crystal Bridges Museum in Bentonville, Ark.
The decision may mean the legal battle that's lasted more than a decade is all but over.
Officials at the cash-strapped Nashville school have said Fisk might be forced to close if it didn't sell the stake in the Stieglitz Collection to the museum built by Wal-Mart heiress Alice Walton.
"We're feeling pretty happy here," Fisk President Hazel O'Leary said. "We felt we had the clarity that the law was in our favor."
She said only a few administrative details need to be worked out before the case is closed.
The state of Tennessee has fought to keep the collection in Nashville. State lawyers argued that allowing the deal would have a chilling effect on future donations here because Fisk is going against the stipulations O'Keeffe made when she donated the collection to the school in 1949.
A spokeswoman for the state attorney's office said lawyers for the state were disappointed by the decision. It lets stand last year's Court of Appeals ruling that gave Fisk the green light to go ahead with the deal.
State attorneys had also argued that the art collection is a part of Nashville's cultural history and it needs to be protected because of the risk that it could be lost to Fisk's creditors. They said there is a risk that the entire collection could ultimately wind up in the Arkansas museum because of some of the wording in the contract between it and Fisk.
Under the proposed deal, the Arkansas museum would house the art two out of every four years. But the contract says the museum also has the right of first refusal for the remaining 50 percent of the collection.
O'Keeffe donated 97 pieces of art to Fisk from the estate of her late husband, photographer Alfred Stiegltiz. The collection includes works by Picasso, Renoir, Cezanne, Marsden Hartley, and Charles Demuth, among others. O'Keeffe also donated four of her paintings to the school because Fisk educated blacks in the segregated south.
But she stipulated that the collection must never be sold or broken up. Fisk had argued that the $131,000 annual cost to display the art was more than the school could afford.
O'Leary said one of the questions that now must be resolved is whether $1 million that Walton pledged to Fisk is adequate to upgrade the display place.
Associated Press writer Joe Edwards contributed to this story.
Copyright 2012 The Associated Press.
April 24, 2012
R.E.M. as seen between 1990-2010 by Anton Corbijn on view at the Albertinum
"The Theater of the Street" explored through photographs at the National Gallery of Art
National Museum of Scotland announces major new exhibitions for 2013
Palais de Tokyo in Paris opens its third edition of the contemporary art triennial exhibition
Kunsthaus Zürich joins forces with Fondation Hubert Looser to exhibit 70 works
RR Auction in New Hampshire announces its Titanic 100th anniversary auction
Museum of Fine Arts, Houston, appoints Mahrukh Tarapor Senior Advisor for International Initiatives
The Quality of Presence: A group exhibition takes place in a recently vacated suite at the Chelsea Hotel
"Exit from the House of Being" is Michael Joo's first exhibition at Blain/Southern opens
Actors, artists aim to turn around eight failing schools with pilot project that integrates arts
Ogden Museum of Southern Art announces exhibitions with a focus on the envirnoment
The art that launched a pop culture empire: First Teenage Mutant Ninja Turtles Iilustration offered at auction
Einstein Archives website received nearly 1 million unique visitors in its first month
Toledo Museum of Art acquires seven glass objects made during historical 1962 glass workshops
Marc Brotherton and Nina Carelli open solo shows at Causey Contemporary
Amherst College's Mead Art Museum receives $1,000,000 Endowment Challenge Grant
Tennessee court decision may finally end Fisk art case
Man questioned in art heist faces weapons charges
Bedouin animal sacrifice rituals provide clues to archaeological remains
Sri Lanka to demolish mosque after monks' protest
Most Popular Last Seven Days
1.- Basquiat sets artist record at Christie's New York sale at $57.3 million
2.- Sotheby's New York Contemporary Art Evening Auction achieves $242,194,000
3.- "Cave Temples of Dunhuang: Buddhist Art on China's Silk Road" opens in L.A.
4.- San Francisco's revamped modern art museum eyes global splash
5.- Sotheby's to offer Henri Gervex's réplique of his 1878 succès de scandale, 'Rolla'
6.- One of the Cleveland Museum of Art's greatest paintings re-installed for centennial year
7.- Japan vagina artist Megumi Igarashi convicted in obscenity case; Slapped with a $3,700 fine
8.- Exhibition of approximately fifty works lights up the Bruce Museum in Greenwich
9.- New York's Metropolitan Museum of Art opens exhibit of Turner whaling paintings
10.- The Fondation Henri Cartier-Bresson presents the dazzling work of Francesca Woodman
Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .
|Royalville Communications, Inc|
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.