BERKELEY, CA—Everybody misplaces something sometime. But it is not easy for the University of California, Berkeley, to explain how it lost a 22-foot-long carved panel by a celebrated African-American sculptor, or how, three years ago, it mistakenly sold this work, valued at more than a million dollars, for $150 plus tax. The university’s embarrassing loss eventually enabled the Huntington Library, Art Collections and Botanical Gardens, a large museum and research center in San Marino, Calif., to acquire its first major work by an African-American artist.

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