WILMINGTON, Del. (AP) - The Delaware Art Museum has sold two more paintings to retire its construction debt and replenish its cash.
The News Journal (https://delonline.us/1BRXdPs ) reports museum officials announced Monday that the paintings, which were Andrew Wyeth’s “Arthur Cleveland” and Winslow Homer’s “Milking Time”, were sold privately. Officials did not disclose their purchase price or the names of those who bought them.
The museum has been under fire from national museum groups since its board voted in March of 2014 to sell up to four works to get rid of its $19.8 million debt and funnel more than $10 million into the museum’s endowment. The debt was leftover from a 2005 facilities expansion.
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Information from: The News Journal of Wilmington, Del., https://www.delawareonline.com
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