The verdict is in: The Tennessean reports that a Nashville chancery court ruled in favor of Fisk University’s selling a half share of their Stieglitz Collection to Crystal Bridges, an Arkansas museum, to raise operational funds. There is a catch, however: the court ordered the university to set aside 2/3 of the sale—$20 million—in a…
As we’ve reported before (here and here), Fisk University is pushing to sell a 50% share of their Stieglitz Collection to an Arkansas museum as a way to raise operating funds. The Tennessean recently reported that an anonymous donor has come forward with a pledge to give the university a needed flow of money now…