Albuquerque Journal (Albuquerque, NM)

oodles of art.(Final)

Byline: Leanne Potts Journal Staff Writer

Debt-ridden Sun Healthcare sells collection amassed in better days

at first glance, the scene inside a conference room at Sun Healthcare looks like one of those hotel-art truckload sales, the ones touted by late-night commercials where a TV announcer screams "Nothing over $40! Everything must GO!"

Hundreds of paintings of chamisa-dotted New Mexico landscapes, sunwashed adobes and cowboys on horseback lean against the walls, stacked nine deep in places. More paintings are piled on long tables in the middle of the room.

Then you look at the little squares of paper taped garage-sale style to the artwork:

"Peter Hurd. $10,000."

"Wilson Hurley. 'Mesa Rain Clouds.' $34,500."

The art once adorned Sun's luxuriant headquarters, back when the company's nursing-home empire was raking in billions. Now Sun is $186 million in debt, its stock is worth a buck a share and its $2. …

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