Joe Simon vs. The Warhol Foundation

[artladval]

Recommended reading: www.artinfo.com/news/story/36126/warhol-foundation-kills-antitrust-lawsuit-over-authentication/

Huge "example of how money, power, and legal expertise can often dictate the course of lawsuits in the U.S. justice system."

It gives you an idea of how powerful The Warhol Foundation is and how a simple sanction by a committee on the authenticity of an artwork can affect millions in value.

[sleepboy]

Man, after reading that, I don't trust these authentication organizations as much. Seems like politics has as much to do with what we really want to know - is the work done or endorsed by the artist.

[astrogirl]

Oct 26, 2010 17:33:10 GMT -8 sleepboy said:

Man, after reading that, I don't trust these authentication organizations as much. Seems like politics has as much to do with what we really want to know - is the work done or endorsed by the artist.

I'm all for them authenticating work, where I think they're really f'ed up is when they actually stamp the art work in a red "DENIED" - just don't give them the authentication papers - why vandalize the owner's art work?

www.courthousenews.com/2010/01/19/23814.htm

[steveinca]

That's terrible. You'd think that one of the owners of the questionable Warhol portraits would foot the bill for the case. I'm sure one of the many owners of these pieces are extremely wealthy. The payoff, although risky, would be well worth the few million it would cost at most.

edit-how is there no organization/group/body to oversee the Warhol Foundation? That makes absolutely no sense. Their approval is the only legitimate way to authenticate a Warhol, and they own $500 million worth of Warhol artwork. Conflict of interest, anyone?