ABC News: U.S.: Tenn College Agrees to Share Art Collection

ABC News: U.S. // via fulltextrssfeed.com

Tenn College Agrees to Share Art Collection Aug 3rd 2012, 20:34 Fisk University in Tennessee says it has completed an agreement with an Arkansas museum to share ownership of the Stieglitz Art Collection. The courts have allowed the school to sell a 50 percent stake in the collection to the Crystal Bridges Museum of American Art in Bentonville. The financially strapped Fisk gets $30 million. Fisk said Friday the 101-piece collection donated by the late painter Georgia O'Keeffe will be rotated every two years. A Nashville judge approved the final details. O'Keeffe had stipulated that the collection never be sold. A legal battle lasted more than a decade. The state had fought to keep the collection in Nashville. State lawyers argued that allowing the deal would have a chilling effect on future donations because O'Keeffe's stipulations were not followed.

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