Thursday, February 10, 2011

Lawmakers target a Pollock painting

A bill proposed in the Iowa House of Representatives would force the University of Iowa to sell its famed and valuable Jackson Pollock painting, "Mural." The painting was valued at $140 million in 2008. Proceeds from the sale would go into a trust fund that would provide scholarships to University of Iowa undergraduate art majors from Iowa. The buyer would have to lend the painting to the university for a period of three months or more every four years.

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