As reported in the Nashville Tennessean, Fisk University and the Georgia O’Keeffe Museum have settled a lawsuit brought by the Museum that sought to prevent Fisk from selling a Georgia O’Keeffe painting now owned by the University. Radiator Building–Night, New York (shown below) is part of the 101-painting Alfred Stieglitz Collection of modern art given to Fisk by the artist in 1949. If the agreement is approved by Davidson County Chancellor Ellen Hobbs Lyle, Fisk will sell the Radiator painting to the Museum for $7.5 million, and will gain permission to sell Marsden Hartley’s Painting No. 3.
According to David West, the spokesman for Fisk, “the scope of our financial challenges requires a large infusion of cash to provide a lasting fix for our circumstances.” The key word here is “lasting.” Fisk has an increasingly difficult time raising money and fulfilling its mission. The University should reassess what it can do and should do. My recommendation? Sell the entire collection, and use that money to transform Fisk into an institute that will better fit the 21st Century.