Wake Forest sells Gettysburg cyclorama to anonymous buyers
May 3, 2007
Wake Forest University in March sold the 19th century Gettysburg cyclorama that it received as a gift from the late Winston-Salem artist Joe King.
The university sold the painting to three buyers who wish to remain anonymous. Winston-Salem art dealer Larry D. Laster announced the purchase this week on behalf of the buyers. Laster and his colleague Ron Newsome participated in arranging the sale by Wake Forest. Ken Wilson, a Winston-Salem businessman, was the university’s exclusive sales agent to locate a purchaser for the painting.
Wake Forest has not disclosed the sale price. Wake Forest officials involved in the sale said that some newspaper stories this week mentioned sale prices that are many times in excess of the amount received by the university.
Throughout the time the university has owned the cyclorama, the university has worked toward selling it. The university has estimated that restoring the painting and building a facility to display it will require a multimillion dollar expenditure.
The cyclorama, known as “The Battle of Gettysburg,” was the first of four cycloramas by French artist Paul Philippoteaux. All depict the famous Civil War battle in Gettysburg, Pa.