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Wednesday, 08 August 2012 10:47

Battle Over Fisk's $74 Million Stieglitz Collection Ends: Crystal Bridges Now Owns Half

Crystal Bridge's gallery of late-19th-century works Crystal Bridge's gallery of late-19th-century works Crystal Bridges Museum

Sometime next fall, the Alfred Stieglitz collection, Fisk University’s renowned art exhibit, will be packed up into crates and trundled off to Arkansas.

It will stay there for two years as part of a sharing agreement that, until recently, was caught up in what appeared to be an unyielding battle between ownership rights and financial distress.

The university, which has long run a $2 million annual deficit, agreed to sell half ownership rights of its $74 million Alfred Stieglitz collection for $30 million to a museum opened last fall in Bentonville, Ark., controlled by Wal-Mart heiress Alice Walton, according to an agreement filed in Davidson County Chancery Court.

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