An Indiana judge is facing that very question as Valparaiso University contends that it should be able to sell high-value paintings it owns, including a Georgia O'Keeffe landscape of the New Mexico desert, in order to finance a renovation of freshman dormitories.
The gift used to purchase them, which Percy Sloan donated in honor of his father, Junius R. Sloan, a self-taught Hudson River School artist, said it could be spent only on conservative works and that any art acquired with the funds must be exclusively by American artists preferably of American subjects and of the general character known as conservative.
The university says that because the paintings are from modernist art movements and are not representational, they are not conservative and therefore can now be sold.
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