One of the biggest art deals in recent years is in the making. It involves the transfer of the enormous Gilcrease collection of Americana (TIME, June 27, 1949) from the Thomas Gilcrease Foundation at Tulsa to public ownership and a new museum in Claremore, Okla.
The hoard of paintings, manuscripts and other valuable art objects, valued variously at $4,000,000 to $8,000,000, represents 40 years of dedicated collecting by Thomas Gilcrease, 63, part Creek Indian, who struck it rich after oil was discovered on the 160-acre Gilcrease tribal allotment in 1906. Proud of his Indian...
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