The National Academy Museum and School in New York, founded in 1825 by a group of artists and architects including Thomas Cole and Rembrandt Peale, will put its two Fifth Avenue Beaux-Arts mansions at 89th Street up for sale within the next month, a spokesman told The Art Newspaper. The buildings, which the academy has occupied since 1942 and partially renovated from 2010, were appraised at $107m in 2012. “The sale of our buildings [will allow] the National Academy to establish—for the first time in our history—an unrestricted endowment ensuring the perpetuity of the institution,” the board co-chair Walter Chatham explained in a statement. The museum will close on 1 June and reopen when the academy moves to a new, yet to be determined, location.