Court ruling allows Fisk Univ. to sell part of art collection

Court ruling allows Fisk Univ. to sell part of art collection (Image 1)

The Tennessee Court of Appeals ruled on Tuesday that Fisk University can sell its Stieglitz art collection to a museum in Arkansas.

The arrangement with the Crystal Bridges Museum of American Art will bring $30 million to the financially strapped college.

The art collection was given to the university by famed artist Georgia O'Keefe more than 50 years ago.

Fisk has been attempting to sell the artwork since 2004.

University officials previously said the school could be forced to close without the sale of the paintings.

Fisk, founded in 1866, is the oldest university in Nashville and one of the oldest historically black colleges in the nation.

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