Boy Scouts of America is being forced to liquidate some of their historic Norman Rockwell paintings to help compensate hundreds of former scouts who had been sexually abused, the Associated Press reported on Friday.
The collection of over 300 classic works is valued at over $60 million. The Boy Scouts, founded in 1910, filed for bankruptcy in 2020 when more than 80,000 men submitted claims saying they had been abused as children by troop leaders across the country. The $2.46 billion settlement with victims allowed for payments ranging between $3,500 and $2.7 million. More than 86% of the survivors voted to support the agreement in bankruptcy court.
Barbara House, a retired bankruptcy judge who is overseeing the survivor’s settlement trust said, “The idea that an iconic art collection that the Boy Scouts have assembled over many years is being liquidated in order to pay survivors recoveries and to bring them some measure of justice I think is very significant.” In addition to the paintings, the Boy Scouts have also liquidated over 30 council properties over the past month.
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