Pennsylvania Academy of the Fine Arts
The Pennsylvania Academy of the Fine Arts (PAFA) is a museum and private art school in Philadelphia, Pennsylvania.[4] It was founded in 1805 and is the first and oldest art museum and art school in the United States.[4]
Type
1805
Eric G. Pryor
118-128 North Broad Street, Philadelphia, Pennsylvania, U.S.
1871–1876[2]
May 27, 1971
May 15, 1975
November 17, 2004[3]
The academy's museum is internationally known for its collections of 19th- and 20th-century American paintings, sculptures, and works on paper. Its archives house important materials for the study of American art history, museums, and art training. It offers a Bachelor of Fine Arts, Master of Fine Arts, certificate programs, and continuing education. The academy will cease to offer degrees (except for the bachelor's program in conjunction with the University of Pennsylvania) by 2025.
Deaccessioning[edit]
In 2013, the academy sold East Wind Over Weehawken, a 1934 portrait that is among two Edward Hopper portraits in the academy's collection, to start an endowment fund. About 25 percent of the fund will be used to fill gaps in the collection of historic art, with most of the rest to buy contemporary art of undetermined value with hopes for dramatic increases in the future.[27] The painting was sold at auction for $40,485,000,[28] resulting in a boost to the museum's endowment by approximately $23.5 million,[29] but raised new questions about the museum's mission and whether such deaccessionings are in the public interest.
Philadelphia portal
Notes
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