Warhol Foundation Will Donate or Sell Its Whole Collection
Submitted by Steve on September 5, 2012
From Robin Pogrebin at The New York Times:
Beginning this fall the Andy Warhol Foundation for the Visual Arts will disperse its entire collection of Warhols, donating some and selling others through Christie’s auction house as it shifts almost exclusively into a grant-making organization, foundation officials said in interviews. The sales will take several years to complete and are expected to garner about $100 million, increasing the foundation’s endowment, from which it makes grants to nonprofit arts organizations.