Five Years Later, Brooke Astor's Estate Settled

  • Childe Hassam, Up the Avenue from Thirty-fourth Street

    Childe Hassam, Up the Avenue from Thirty-fourth Street

The Metropolitan Museum of Art will receive about $20 million as part of a settlement agreement made on Wed. with the estate beneficiaries of philanthropist Brooke Astor, who died in 2007 at age 105.

After a 5-year struggle over the estate that resulted in a fraud conviction for Astor's only son, Anthony Marshall, the socialitie's final bequest of $100 million for charity will finally be distributed. Recipients include the New York Public Library, as well as educational programs, museums and parks.

The donation to the Met will go to the institution’s curatorial programs and art acquisitions, according to Astor's wishes. Astor was a Met trustee and benefactor as well as a member of the museum's Trustee Acquisitions Committee.

A museum press release stated: "As the settlement makes clear, $3 million of the funds assigned to the Metropolitan are given in recognition of the Museum’s claim for proceeds from the sale of a painting from Mrs. Astor’s personal collection—Childe Hassam’s Flags, Fifth Avenue (also known as Up the Avenue from 34th Street, May 1917). Although Mrs. Astor bequeathed this iconic work to the Metropolitan, it was wrongly sold in 2002.  The painting’s current whereabouts are unknown. The Museum continues to regret that it will be unable to display the work for its public as Mrs. Astor so long hoped."

Read more about the Hassam here.

More News Feed Headlines

'Rosie's Tea Party' by Mark Ryden is on view at the Virginia Museum of Contemporary Art.

Painting at Virginia Museum of Contemporary Art Stirs Controversy

  • May 23, 2016 23:05

Two members of the Virginia Beach Arts and Humanities Commission are reportedly offended by an ...

Read More

Anderson Cooper

60 Minutes: "Obvious" Overlooks in the $80 Million Art Scam

  • May 23, 2016 23:05

"The most audacious and lucrative art scam in U.S. history," 60 Minutes' Andseron Cooper says of ...

Read More

Dance in Tehuantepec (Baile in Tehuantepec), 1928 by Diego Rivera

Diego Rivera Painting Sells Privately for Record Price

  • May 22, 2016 22:41

A Diego Rivera painting has sold privately for $15.7 million, setting a world record price for ...

Read More

John Singer Sargent, Venice: Bridge With Figures, a watercolor from about 1902-04, went for $225,000.

Works by Sargent, O'Keeffe Lead American Art Auctions in New York

  • May 19, 2016 22:31

Sotheby’s May 18 auction of American Art brought $27.1 million with the three top lots bringing ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire