albright college is selling its art collection to cut 20 m deficit but donors oppose the move 1234746861

Albright College in Reading, Pennsylvania, is selling over 500 works from its art collection via an online auction at Pook & Pook Inc. scheduled for July 16, in an effort to address a $20 million deficit. The sale, titled "Fine Art from an East Coast Educational Institution," includes works by Bridget Riley, Jasper Johns, Romare Bearden, and Jacob Lawrence, and is expected to raise around $200,000. The college has also laid off staff and sold non-contiguous properties to cut costs. Donors, including the daughters of late collector Doris C. Freeman, have opposed the move, arguing it violates the original intent of the gifts.