San Francisco Art Institute Files for Bankruptcy, Paving the Way to Liquidate $65 Million in Assets Including a Diego Rivera Mural

San Francisco Art Institute has filed for Chapter 7 bankruptcy protection.
The institution will liquidate its assets and abandon its campus.
The main asset is Diego Rivera's mural, valued at $50 million.
The student body was down to 41 students at the time of closure.
Despite raising funds and opening enrollment back up, the school continued to falter and a deal with the University of San Francisco fell apart.