June 1, 2007

Struggling Colleges Debate the Propriety of Selling Their Art

By ERIN STROUT

Donors continue to give art collections worth millions of dollars to colleges, mostly to be displayed in their art museums. But some financially strapped colleges have started looking at the art as a way of escaping their financial woes.

Fisk University, for example, expects to make $16-million from the sale of two paintings, one by Georgia O'Keeffe and another by Marsden Hartley. Recently, Thomas Jefferson University made $68-million from selling "The Gross Clinic" by Thomas

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