Monday, October 25, 2010

Case Study: Andy Warhol Authentication



The closely watched federal lawsuit in which a private collector is suing the Andy Warhol Foundation and its subsidiary Art Authentication Board is about to reach an abrupt and unexpected end. Joe Simon, the London-based American whose 2007 complaint challenges the board’s rejection of the authenticity of the 1964 Warhol self-portrait that he owns, says that he and his lawyer, Seth Redniss of New York, will withdraw from the case at the next hearing, scheduled for November 10 2010 in federal court in the Southern District of Manhattan. A parallel lawsuit in which Redniss is counsel, filed last year by U.S. collector Susan Shaer after the rejection of a self-portrait from the same series, also will be dropped, says Simon.

“The case is done,” says Simon. “I can’t do it anymore.” The reason is that Redniss, who has been working for years without pay in exchange for a percentage of a prospective settlement, is unable to respond to the numerous motions filed by lawyers for the Warhol Foundation. Simon says he does not have funds to hire additional counsel and is unable to enlist other firms willing to work on contingency.

See the full article on Artinfo

Below is an interesting 7 part video which describes the case.