Cash-Strapped College to Sell Prized PaintingsBy ARTINFO
Published: October 2, 2007
LYNCHBURG, Va.—Randolph College has announced it will sell four works from its prized art collection after months of protests from alumni, faculty, and the Lynchberg community, reports the New York Times.
The works, scheduled for auction at Christie’s in New York on November 29, include George Bellows’s 1912 painting Men of the Docks, which students of the college bought in 1920 for $2,500 in funds they raised themselves, as well paintings by Edward Hicks, Ernest Martin Hennings, and Rufino Tamayo. The Bellows work alone is expected to fetch $25 million to $35 million; the college hopes to raise at least $32 million to secure its endowment and ease an operating deficit. The college, which changed its name from Randolph-Macon Woman’s College and began admitting men this fall in an attempt to increase admissions, had tried unsuccessfully to arrange an art-sharing program similar to the one recently struck between Nashville’s Fisk University and Crystal Bridges Art Museum. |