An article in Fortune notes the increasing difficulty to authenticate works in the current market, as more and more collectors are willing to resort to litigation to intimidate and block the process.  “One year our legal bill ran up $7 million,” says Joel Wachs, the Warhol Foundation’s director. “The cost to defend them became so great, we got tired of giving money to lawyers. We’d rather be giving it to artists.” 

Read more at Fortune

This entry was posted on Friday, September 25th, 2015 at 4:22 pm and is filed under Art News, Minipost, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.