georgia o'keeffe

12:58pm

Wed February 1, 2012
State Attorney General Appealing Case

Fisk Art Sale Case Back in Court...Again

Georgia O'Keeffe during her time at the University of Virginia
Rufus W. Holsinger

NASHVILLE, Tenn (AP/WMOT) — The state of Tennessee is appealing an appeals court ruling in a dispute over Fisk University's effort to generate cash from an art collection donated to the school by the late painter Georgia O'Keeffe.

O'Keeffe stipulated that the collection could not be sold or broken up. But Fisk has argued it needs to complete a $30 million deal to sell a 50 percent stake in the collection to the Crystal Bridges Museum in Bentonville, Ark.

Here's what Tennessee Attorney Bob Cooper told WMOT about the case.

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12:15pm

Wed November 30, 2011
Attorney General Fears Impact on Future Donations

Fisk Granted Permission to Sell Stieglitz Art

NASHVILLE, Tenn. (AP) - The Tennessee Court of Appeals ruled yesterday that Fisk University can share its Stieglitz art collection with Crystal Bridges Museum in Arkansas.

The court also removed a trial court stipulation that required Fisk to put $20 million of the $30 million it expects to get from Crystal Bridges into an endowment. The lower court had said Fisk should put that amount aside to maintain the art in the future.

Fisk has said it needs all of the funds now to stay financially viable.

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