Officials at the University of Iowa issued a report arguing against selling a Jackson Pollack painting from the institution’s museum, a proposal that was offered to cover flood-recovery costs, the Chicago Tribune reported.
The prized painting, Mural, could fetch up to $150 million. The sale, however, could threaten the museum’s accreditation, making it difficult to borrow works from other museums, finance programs and attract future donations, the article stated. The Iowa Board of Regents has not yet decided the painting’s fate. Flood damages are estimated to be at least $232 million.