Next legal step uncertain for O’Keeffe art at Fisk

Next legal step uncertain for O'Keeffe art at Fisk (Image 1)

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.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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