EVANSVILLE, Ind. (AP) -- The Evansville Museum plans to sell a work of art by Pablo Picasso that it has kept in storage nearly 50 years and only recently discovered was genuine.
The museum's board of trustees President R. Steven Krohn told the Evansville Courier & Press (http://bit.ly/PZoVuO ) Wednesday the museum can't afford to keep the "Seated Woman with Red Hat" because of the costs to display, secure, preserve and insure the layered, fired glass piece.
Picasso is believed to have made 50 or more works in colored, fused and fired-glass between 1954 and 1956. The piece was donated in 1963 and originally believed to be inspired by Picasso. It sat in storage before a query from an art auction house revealed its creator.
It is not known how much it is worth.