valparaiso university sold brauer museum artworks
Valparaiso University in Indiana has finalized the sale of two valuable paintings from the Brauer Museum of Art—Childe Hassam's *The Silver Veil and the Golden Gate* (1914) and Georgia O'Keeffe's *Rust Red Hills* (1930)—and is in the process of selling a third, Frederic Edwin Church's *Mountain Landscape* (c. 1849). The sales, collectively valued at up to $20 million, are intended to fund renovations of freshman dormitories amid budget shortfalls. The decision has sparked vocal protests, a lawsuit, and a vote of no confidence from the faculty senate against university president José Padilla, who announced his retirement. Moody's Ratings downgraded the school's credit rating to junk status, partly due to the controversy.
