facebook
twitter
rss
account
search
search
X
Breaking News: Protesters march on Pakistan PM Nawaz's house
 

Regents consider selling Pollock painting

Aug. 8, 2008 at 8:26 PM   |   Comments

CEDAR FALLS, Iowa, Aug. 8 (UPI) -- A University of Iowa regent's plan to sell a painting by Jackson Pollock has sparked an outcry among critics of the plan.

University Regent Michael Gartner says the painting could be sold to help pay for $16 million in damage to the school's arts campus sustained in June's flooding of the Iowa River, The Des Moines Register reported Friday.

In all, the university has an estimated $232 million in flood damage.

The painting -- " Mural" -- was acquired by the university about 60 years ago, when it was valued at $5,000.

The Iowa Board of Regents is considering just how much the 8-by-20-foot abstract painting would fetch.

In 2006, a Pollock painting, "Number 5, 1948," was sold by movie and music industry executive David Geffen to Mexican financier David Martinez for about $140 million.

Iowa Lt. Gov. Patty Judge said there are other options besides selling artwork to pay for repairs.

"I think selling off our assets that we probably could never purchase again would not be something I would like to see happen," Judge said. "I would like to think we would rebuild that art center, that that painting along with the other great paintings will be hanging there for my grandkids to see, just like I did and just like my children did."

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
St. Paul police arrest a black man for sitting on a bench waiting for his children
2
Ukrainian cargo plane crashes in Algeria killing seven
3
'Old Ironsides' sails across Boston Harbor before 3-year-rehab
4
Video: Free Syrian Army unleashes 'Hell Cannon' in fight against Assad
5
Boy being treated for brain tumor taken from hospital
Trending News
Video
x
Feedback