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January 06, 2015

Warhol Art Giveaway Likely to Result in Wave of Exhibits

The Andy Warhol Foundation for the Visual Arts said Monday that it has wrapped up a donation of tens of thousands of works and photographs by the late artist to more than 300 museums and colleges, the Los Angeles Times writes. With the gifts predicated on recipients displaying the works within a few years, the completion of the giveaway will likely result in "the largest wave of exhibitions ever dedicated to a single artist," the New York-based foundation said.

The foundation announced plans in 2012 to sell or donate all of its Warhol holdings, generating revenue for its endowment and allowing it to focus entirely on supporting arts organizations and art writers. The artist, who died in 1987, directed in his will that unsold works and earnings from copyrighted images be used to further the cause of visual art.