Herald and Review, Decatur, IL, “Rockford College sells art to pay creditors”, September 13, 2006, page 7, not illustrated
Rockford College sells art to pay creditors
Rockford – Rockford College has auctioned about 2,000 pieces of artwork to raise money to pay down its debt and pay off its creditors.
The two-day auction, which college officials said was necessary to alleviate $10 million in loans and vendors’ bills, brought in $736,000, said Leslie Hindman Auctioneers in Chicago. Combined with two other pieces that sold seperately, art sales have totaled about $1.1 million.
It included works by Danish painter Soren Emil Carlsen and an etching by Spanish artist Francisco de Goya.
WORKS BY EMIL CARLSEN