Tuesday, September 11, 2007

Alice Walton, call your office! (UPDATED)

Whoa. Things just took a very interesting turn in the Fisk-O'Keeffe case. The AP is reporting that the O'Keeffe Museum has dropped its lawsuit: "The New Mexico museum moved to dismiss its lawsuit one day after a judge denied a settlement agreement that would have sent a prominent O'Keeffe painting to the museum for $7.5 million. ... The dismissal opens the door to a $30 million offer from the Crystal Bridges Museum in Bentonville, Ark., to share a 50 percent stake in the collection and to display it half the time."

UPDATE: Jonathan Marx has more in The Nashville Tennessean this morning. Fisk President Hazel O'Leary says "our law firm has been in touch with the Crystal Bridges Museum, and I would expect to hear from them formally in the next day or two." More here from The New York Times, where O'Leary says "we’re about to have a little joy in Fiskville tonight."