Friday, December 8, 2023

“Our money should be going to artists, not lawyers.”

That’s a quote from The Warhol Foundation’s, Joel Sachs, to which The New York Review of Books’ Richard Dorment replies, then “why, in uncertain economic times and when most financial experts consider blue-chip artists like Warhol among the safest investments, has the foundation chosen this moment to sell such an enormous number of works?”

In his article, Dorment wonders if “there is any connection between the closure of the authentication board in October 2011 and the announcement nine months later of the sale of the foundation’s material assets[,]” to which he adds, “I believe there is a connection—in the form of another lawsuit that has had relatively little attention.”

Dorment’s article is available here.


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