In 2006, Judd Foundation established an endowment to support its operations through the sale of 36 works at auction. The foundation board requested one of its members, publisher Richard Schlagman, to get Christie's and Sotheby's to submit proposals for the sale of a group of works. Christie's offered a reported $21 million guarantee and agreed to display the consigned work for five weeks in New York on the 20th floor of the Simon & Schuster building. Concerns that the sale would have an adverse effect on the market proved unfounded and the exhibition itself won an AICA award for "Best Installation in an Alternative Space" for 2006. The $20 million in proceeds from the sale went into an endowment to enable the Foundation to fulfill its mission, by supporting the permanent installations that are located at 101 Spring Street in New York City and Marfa, Texas. Marianne Stockebrand, the director of the Chinati Foundation at the time, resigned from her post on the Judd Foundation’s board partly in protest of the auction.