The years-long court battle over Fisk University’s right to sell a stake in its art collection is officially over. The final order was entered yesterday, setting up how Fisk and the Crystal Bridges Museum in Arkansas will share the famous Stieglitz Collection.
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The long court battle over whether Fisk University can sell a stake in a valuable art collection may be coming to an end.
The museum in Arkansas that’s offered a $30 million lifeline to Fisk University in exchange for art has lost some excitement for the deal, which remains tied up in court.
A three judge panel of the Tennessee Court of Appeals may hold the fate of Nashville’s Fisk University. The cash-strapped school made what could be a final plea Tuesday as it tries to get $30 million for a donated art collection.
The Tennessee Attorney General wants to prevent Fisk University in Nashville from selling off its most valuable art collection, donated by Georgia O’Keeffe. State attorneys filed an appeal Monday, asking a state court to set aside a decision by a Davidson County chancellor that would allow Fisk to sell a share of the art to a museum in Arkansas.
Fisk University may get to sell a stake in its $74 million art collection, but the cash-strapped school won’t have much discretion on how to spend the proceeds. A judge has okayed the sale with stipulations.
A Nashville judge shot down a proposal by the Tennessee Attorney General to temporarily house a famed art collection at the Frist Center while the owner, Fisk University, gets its finances in order. The judge see’s the proposal as merely a short-term solution in a case that’s dragged on nearly five years.
Students at Nashville’s Fisk University gathered last night to make clear they want to keep their art. A proposal by the Tennessee Attorney General would place the cash-strapped school’s most valuable collection at the Frist Center.
A judge wants to see more options before allowing Fisk University to sell a 50% stake in its famed art collection to an out-of-state museum. A court decision issued Friday rejects the current proposal but affirms Fisk can’t afford to hold onto its art.
A ruling over whether Fisk University can sell a stake in its famed art collection is due from a Nashville judge today. The historically black institution has said that if the answer is no, the university may have to suspend operations.
Fisk University will be back in court this week trying to sell a 50% stake in its multi-million dollar art collection. The historically black school says if it can’t turn the art into $30 million cash, it may have to close its doors. The state Attorney General suggests Fisk is bluffing.
This week Fisk University got what school officials deemed a favorable ruling from the Tennessee Supreme Court. It’s part of a drawn-out effort to sell some of the university’s prized art. But Tuesday the state Attorney General said ‘not so fast.’
A Tennessee Appeals Court Wednesday put Fisk University one step closer to selling a stake in its famed art collection, worth more than $60 million.