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

Suite at Casa Kimberly, Puerta Vallarta

Casa Kimberly: Luxurious Love Nest of Hollywood Legends Reborn as Antique-Laden Boutique Hotel

  • February 11, 2016 16:56

Star-crossed lovers Elizabeth Taylor and Richard Burton escaped the glare of 1960s Hollywood life ...

Read More

Lucian Freud, Pregnant Girl, 1960-61

Bidders Clamor For Lucian Freud's Tender Portrait of 'Pregnant Girl'

  • February 11, 2016 12:12

A Lucian Freud (1922-2011) portrait of his sleeping 17-year-old lover sold at Sotheby's for £16.1 ...

Read More

Domenico De Sole

Knoedler and the De Soles Settle in Fake Rothko Trial

  • February 10, 2016 22:24

Knoedler & Co. settled with the collectors Domenico and Eleanore De Sole in a highly-watched ...

Read More

Stay in the recreated Van Gogh's Bedroom, for $10/per night.

Sleep in Van Gogh's Bedroom After Viewing the Exhibition at Art Institute Chicago

  • February 10, 2016 15:35

Vincent van Gogh’s painting of his bedroom in Arles is arguably the most famous chambre in the ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire