I wish to draw attention to another institution which sold artwork to bolster the institution and not the art collection.
The pertinent portion is:
Various museum associations say that deaccessioning art, if not in violation of the original gift, is justified if the proceeds are used to buy more art. It is the cherry-picking of a painting here and a painting there to bolster an endowment or support operating expenses that is frowned upon.
I can not agree more. The only reason to sell art from your collection is because it does not fit the collection and you will use the proceeds from the sale to purchase artwork which fulfills your collection’s needs.
Emanuel Gottlieb Leutze died on July 18, 1868. His most famous painting, Washington Crossing the Delaware is now in the collection of The Metropolitan Museum of Art. In this video, CBS Sunday Morning’s Morley Safer reports on Eli Wilner & Company’s work to re-create the lost original frame for this painting. Based on archival photographs and their knowledge of frames of this period, the Wilner team hand-carved and gilded the frame which has an opening size of just over 12 x 21 feet and is surmounted by an elaborate construction twelve feet across, displaying an eagle surrounded by flags, pikes, a banner and other regalia. http://artdaily.com/
The Colleges has in its Collections a portrait by Leuze:
Emanuel Leutze (1816-68)
Portrait of a Man, 1862
Oil on canvas, 84 x 71 cm.
Emanuel Gottlieb Leutze (May 24, 1816 ? July 18, 1868) was a German-born American painter. Leutze was born in Schwäbisch Gmünd, Württemberg, Germany, was brought to America as a child, and then returned to Germany as an adult. He is perhaps best-known for his painting Washington Crossing the Delaware. At the age of twenty-five he had earned enough to take himself to Düsseldorf for a course of art study at the Royal Academy of Fine Arts. Almost immediately he began painting historical subjects; his first work, Columbus before the Council of Salamanca was purchased by the Düsseldorf Art Union. A strong supporter of Europe’s Revolutions of 1848, Leutze decided to paint an image that would encourage Europe’s liberal reformers with the example of the American Revolution. In 1859, Leutze painted a portrait of Chief Justice Roger Brooke Taney which hangs in the Harvard Law School two years after Taney’s infamous decision in Dred Scott v. Sanford. In 1860 Leutze was commissioned by the U.S. Congress to decorate a stairway in the Capitol Building in Washington, DC, for which he painted a large composition, Westward the Course of Empire takes its Way. Late in life, he became a member of the National Academy of Design. He died in Washington, D.C. in his 53rd year.