The Fate of “Radiator Building”

Fisk University (Nashville, Tennessee) received a gift of a painting by Georgia O’Keeffe entitled Radiator Building.  Fisk University wanted to sell the painting on the open market to raise money and had offers for as high as $25 million.

However, the O’Keeffe Museum in Santa Fe claimed that the sale would violate the terms of O’Keeffe’s gift.  Thus, the Museum will be able to purchase the painting for a mere $7 million as a result of a settlement reached earlier this year.  However, the Tennessee Attorney General Robert Cooper still must approve the settlement.

See AP, Lawyer: Fisk University must sell O’Keeffe painting to Santa Fe museum, March 26, 2007.