NASHVILLE, Tenn. (AP) – Fisk University's decade-long quest to generate cash from a 101-piece collection donated to the school by the late artist Georgia O'Keeffe is one step closer to fruition.
But it's unclear how quickly the historically black university in Nashville will be able to complete the $30 million deal to sell a 50% stake of the collection with the Crystal Bridges Museum in Bentonville, Ark.
The artworks would move between Fisk and the museum every two years.
An appeals court ruling Tuesday threw out a judge's requirement for Fisk to reserve two-thirds of the proceeds to pay for future upkeep of the collection.
The state attorney general's office, which has fought to keep the collection from leaving Nashville, has not yet decided whether to seek an appeal to the state Supreme Court.
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- Nov. 29, 2011: Court ruling allows Fisk Univ. to sell part of art collection
- May 10, 2011:Tennessee appeals proposed sale of Fisk art
- Nov. 4, 2010: Judge says Fisk can sell part of art collection
- Sept. 14, 2010: Judge rejects state's plan to move Fisk art
- Sept. 14, 2010: Fisk student protest moving donated art collection
- Sept. 10, 2010: Tenn. AG proposes taking O'Keeffe art from Fisk
- Aug. 20, 2010: Judge rejects Fisk deal to sell O'Keeffe share
- Aug. 15, 2010: Fisk freshmen worry about future
- Aug. 13, 2010: Testimony centers on proper home for Fisk art
- Aug. 12, 2010: Fisk says art sale vital to university's survival