An online auction by the University of Tennessee Health Science Center (UTHSC) on Wednesday, March 26, of more than 300 works by internationally known Memphis artist Paul Penczner grossed more than $70,000.
The sale, which opened for bidding March 4, and finished with a rapid, rolling auction, drew 158 bidders.
Works auctioned are part of a collection of 400 pieces donated to the UTHSC College of Medicine by the artist’s widow, Jolanda Penczner, after his death in 2010 to establish an endowment in his name in the Department of Physiology. Proceeds, minus expenses, will go for cardiovascular research at UTHSC.
“The auction was a huge success,” said Zach Pretzer, director of development for the UTHSC College of Medicine. “It was a wonderful conclusion to what has been a tremendous gift to the UT College of Medicine by Paul and Jolanda Penczner.”