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article news schedule Jul 10, 2025 visibility 12 link 9 artists

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.

newspaper ARTnews open_in_new Read original
article news schedule Jul 3, 2025 visibility 9 link 16 artists

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

Albright College, a liberal arts institution in Reading, Pennsylvania, is selling its entire art collection of mostly works on paper to address a $20 million budget shortfall. The online-only sale, held on July 16 at Pook & Pook auction house, includes 524 lots featuring works by artists such as Karel Appel, Romare Bearden, Jasper Johns, Jacob Lawrence, and Bridget Riley. College administrators, including vice-president James Gaddy, describe the collection as "not core to our mission" and estimate the consigned pieces are worth $200,000, while the cost of maintaining the gallery and collection exceeds $500,000 annually. The sale is part of broader cost-cutting measures that have already included laying off 53 employees and selling non-contiguous properties.

newspaper The Art Newspaper open_in_new Read original
trending_up market schedule Jul 8, 2025 visibility 6 link 6 artists

Pook & Pook Presents Exceptional Works of Modern and Post-war Art in its Upcoming Auction

Pook & Pook will hold an online auction on July 16, 2025, featuring over 500 lots of modern and post-war art deaccessioned from a distinguished East Coast educational institution. Highlights include eight works by Romare Bearden, over one hundred pieces by Leonid Sokov, paintings by Mikhail Turovsky, conceptual works by Lydia Dona, and a sculpture by Frederick Eversley. The auction will be accessible via PookLive, Bidsquare, and Invaluable, with in-person previews at Pook & Pook's Downingtown, Pennsylvania gallery on July 14-15.

newspaper Antique Trader open_in_new Read original
article news schedule Jun 4, 2025 visibility 9 link 8 artists

Taylor Swift's former neighbour pleads guilty to selling fake Basquiat, Warhol and Picasso works

Carter Reese, a 77-year-old Pennsylvania man and former neighbor of Taylor Swift, has pleaded guilty to wire fraud and mail fraud for selling forged artworks by Francis Bacon, Keith Haring, Jean Cocteau, Andy Warhol, Roy Lichtenstein, Pablo Picasso, and Jean-Michel Basquiat between February 2019 and March 2021. Reese misled buyers with false affidavits and signatures, claiming the forgeries came directly from the artists or from a deceased collector and a supplier using the alias "Ken James," who was later convicted of selling counterfeit art. Reese faces up to 40 years in prison, with sentencing set for September 12.

newspaper The Art Newspaper open_in_new Read original

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