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Tuesday, February 21, 2012

Bargains at UC-Berkeley

Devra Breslow pointed me to this NY Times article on how UC-Berkeley sold a million dollar artwork for $150: (excerpt)

Everybody misplaces something sometime. But it is not easy for the University of California, Berkeley, to explain how it lost a 22-foot-long carved panel by a celebrated African-American sculptor, or how, three years ago, it mistakenly sold this work, valued at more than a million dollars, for $150 plus tax.  The university’s embarrassing loss eventually enabled the Huntington Library, Art Collections and Botanical Gardens, a large museum and research center in San Marino, Calif., to acquire its first major work by an African-American artist.  The circuitous tale of Sargent Johnson’s huge redwood relief involves error, chance and a partnership of unlikely art-world figures, including an art and furniture dealer who stumbled upon the panels at the university’s surplus store; an antiques dealer who was on a first-name basis with Michael Jackson and his chimp Bubbles; and a lawyer whose hobby is buying lighthouses and who convinced the government that even though the art was commissioned by the Works Progress Administration, it could still be sold publicly…


It's only money:

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