NASHVILLE, Tenn. (AP) -- Fisk University may soon be able to generate cash off its 101-piece art collection donated by the late painter Georgia O'Keeffe.
On Monday, the Tennessee Supreme Court announced that it would let stand a ruling that allows the historically black university to complete a $30 million deal to sell a 50 percent stake in the art to the Crystal Bridges Museum in Bentonville, Ark.
Tennessee has fought for more than a decade to keep the art collection from leaving Nashville.
O'Keeffe donated the collection -- which includes works by Picasso, Renoir, Cezanne, Marsden Hartley and others -- to the university in 1949. She stipulated that the collection must never be sold or broken up.
Officials at the cash-strapped school have argued that Fisk needs the cash to survive.
Wednesday, May 22 2013 12:04 AM EDT2013-05-22 04:04:23 GMT
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