San Francisco Art Institute may sell Diego Rivera mural to cover debt
The San Francisco Art Institute (SFAI), California's oldest art school, is considering selling a site-specific Diego Rivera mural valued at $50 million to repay a nearly $20 million loan from the California State University system. The mural, titled "The Making of a Fresco Showing the Building of a City" (1931), depicts the construction of a city and a mural within it, including Rivera himself. The school has six years to repay the loan, and the sale could also cover its $19 million annual budget. Potential buyers include the San Francisco Museum of Modern Art, which would leave the mural in situ, and filmmaker George Lucas, who wants it for his Museum of Narrative Art in Los Angeles. The proposal has sparked outrage among faculty, alumni, and the teachers' union, who accuse the board of mismanagement and betraying the school's legacy. Board president Pam Rorke Levy stated that a sale is not final and that an in-situ arrangement with an institutional partner is preferred, but acknowledged that the discussion remains open given the school's financial pressures. The school had already laid off 70 faculty members due to the crisis.
Key facts
- SFAI has a nearly $20 million debt to the California State University system.
- The Diego Rivera mural is valued at $50 million.
- The mural was created in 1931 and is titled 'The Making of a Fresco Showing the Building of a City'.
- Potential buyers include SFMOMA and George Lucas.
- SFMOMA would keep the mural in situ at SFAI.
- George Lucas wants the mural for his Museum of Narrative Art in Los Angeles.
- 70 faculty members have already been laid off.
- Board president Pam Rorke Levy stated no final decision has been made.
Entities
Artists
- Diego Rivera
- Frida Kahlo
Institutions
- San Francisco Art Institute
- California State University
- San Francisco Museum of Modern Art
- Museum of Narrative Art
Locations
- San Francisco
- California
- Los Angeles