Albright College Is Selling Its Art Collection to Cut $20 M. Deficit, But Donors Oppose the Move

Albright College is Selling Its Art Collection to Cut $20 M. Deficit, But Donors Oppose the Move

A college in Pennsylvania is the latest US university looking to sell its art collection to balance its books. Albright College, a liberal arts institution in Reading, has put more than 500 works into an online sale at Pook & Pook Inc, an auction house in Downingtown, Pennsylvania.The college follows the likes of Fisk University, Brandeis University, Valparaiso University, Randolph College, Rockford College, and Mills College in sending artwork …

Pennsylvania college moves to sell its entire art collection amid $20m budget shortfall

Albright College has consigned more than 500 works from its collection to an online auction, though the small sum it expects to get from the sale will do little to alleviate financial pressures it faces