ROSE ART MUSEUM: NO SALEJuly 1, 2011
The board of trustees of Brandeis University in Waltham, Mass., has finally promised to refrain from selling off its $300-million collection of Abstract Expressionist and other contemporary artworks. The much-criticized scheme, hatched in the midst of a "financial crisis" prompted, of all things, by the Bernard Madoff swindle, drew widespread protest and a lawsuit launched two years ago by four museum supporters.
Apparently, new Brandeis president Fred Lawrence decided he could well do without the headache he inherited from his predecessor, previous Brandeis head Jehuda Reinharz. The Massachusetts attorney general has terminated its review of the case, and the plaintiffs in the suit, Meryl Rose, Jonathan Lee, Lois Foster and Gerald Fineberg, have now agreed to drop their court action.