Fisk University will hang on to a prized art collection donated by Georgia O’Keeffe for the time being. A ruling today from Davidson County Chancellor Ellen Hobbs Lyle, however, prohibits future deal-making over the 75-million dollar collection.
Fisk has attempted to sell parts of the 101-piece collection over the past two years in the face of mounting financial challenges. But the O’Keeffe Museum in Santa Fe, which represents the painter’s estate, has objected in court. O’Keeffe donated the art to the historically black school in 1949 with specific requests it not be broken up and that it be put on display.
The court order also requires Fisk to take the art out of storage and return it to the Van Vechten gallery on campus by October 6th.
The O’Keeffe Museum still may appeal the ruling. Its attorneys contend Fisk has neglected the art and should give it up. Fisk must appeal as well if school officials have any intention of following through with a 30-million dollar deal to share the collection with a museum backed by Wal-Mart heiress Alice Walton. Chancellor Lyle has already specifically blocked the sale.