Rockefeller University to auction two Joan Mitchell paintings for $32 million.
Rockefeller University, located in Manhattan, possesses endowment assets amounting to $2.5 billion. The institution recently completed a successful five-year fund-raising campaign, garnering $777 million in donations by June. Despite its financial stability, the university has made the decision to sell two valuable Abstract Expressionist paintings by artist Joan Mitchell, which have been in its possession for almost seven decades. These paintings are set to be auctioned at Christie’s on November 19, with an estimated value of up to $32 million.
The university’s president, Richard Lifton, explained that the decision to sell the paintings was driven by the significant costs associated with scientific research. Lifton emphasized that while he may not be an art expert, he recognized the increasing value of Joan Mitchell’s artwork in recent years. He further clarified that Rockefeller University is not a museum and that it is pragmatic to capitalize on the value of these paintings rather than retaining them. The proceeds from the sale will be directed towards enhancing biomedical research initiatives at the university, particularly in areas such as artificial intelligence, which has shown promising potential in the field of life sciences.
Rockefeller University’s strategic move to sell the paintings reflects its commitment to advancing scientific research and maximizing resources for innovative programs. By leveraging the value of these artworks, the university aims to strengthen its capabilities in cutting-edge research areas, ensuring continued progress and breakthroughs in the field of biomedicine.
In other news, Mayor Eric Adams of New York City has recently found himself in a peculiar political situation involving former President Donald Trump. Despite their differing political affiliations, Adams and Trump have developed an unexpected relationship that has garnered attention from the public and media.
Adams, a Democrat who succeeded former Mayor Bill de Blasio, has expressed a willingness to engage with individuals across the political spectrum, including Trump. This unconventional approach has raised eyebrows among both supporters and critics, with some questioning the motives behind Adams’s interactions with the former president.
The mayor’s decision to engage with Trump has sparked speculation about potential implications for his political career and the dynamics of New York City politics. While Adams has emphasized the importance of dialogue and collaboration, his association with Trump has generated mixed reactions within the community.
As the relationship between Adams and Trump continues to unfold, it remains to be seen how this unexpected alliance will influence the political landscape of New York City and shape the mayor’s leadership approach moving forward. With contrasting ideologies and backgrounds, Adams and Trump’s interaction serves as a unique case study in bridging political divides and navigating complex relationships in the realm of public service.
Overall, the developments at Rockefeller University and the evolving dynamics between Mayor Eric Adams and former President Donald Trump offer intriguing insights into the intersection of art, science, and politics in contemporary society. These stories underscore the complexities and nuances of decision-making in various spheres, highlighting the diverse factors that influence strategic choices and relationships in today’s world.
Source: The NY Times
