"New York art patron Agnes Gund has sold a record-smashing $165 million Roy Lichtenstein painting to create a fund to help address mass incarceration in the United States. Some $100 million from that sale will establish the Art for Justice Fund, to be managed by the Ford Foundation, which aims to raise another $100 million over the next five years, partly from art sales. Gund has thus thrown down the gauntlet to other art collectors to unload their assets to address critical issues of social justice."
Article source here:Arts Journal
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