La Salle University to sell off 46 museum masterpieces
PHILADELPHIA – La Salle University is selling 46 pieces of art from its well-regarded museum collection to help the Philadelphia school fund its five-year plan.
A spokeswoman for the Roman Catholic university says the sale could bring between $4 million and $7 million, and possibly much more.
Christie’s auction house has been selected to handle the sale, which is tentatively set for March.
The sale includes a wide range of styles and genres, including paintings by American realist Thomas Eakins and early 17th century Italian Bartolomeo Manfredi.
Christies says the most valuable works include Elisabeth Frink’s “Walking Madonna” bronze statue and Georges Rouault’s oil painting “The Last Romantic.”
The university with about 3,200 students has been trying to bounce back from a deficit and layoffs last spring. They also slashed tuition to battle an enrolment decline.
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