Warhol Authentication Board to Dissolve
Citing the high cost of legal fees, the Andy Warhol Authentication Fund is shutting down.
But it was the legal fees from lawsuits over works rejected by the board that ultimately made it untenable, according to [Joel] Wachs, [Warhol Foundation president]. “I don’t want to spend $7 million a year on lawyers,” he said[.]
Of course, there are some that are quite happy with the shutdown.
Seth Redniss, the New York lawyer who represented both Simon and Shaer in court, told ARTINFO, “There’s no need for a comment. The shutdown speaks for itself.”
Via Artinfo.
Comments