Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Thursday, December 19, 2013

Legal Battle Between University of Texas & Ryan O'Neal Over Warhol Artwork

Fawcett

The University of Texas at Austin has sued actor Ryan O'Neal attempting to gain possession of the Andy Warhol portrait of Farrah Fawcett that Ryan currently has. The jury heard from expert appraiser Lee Drexler who estimated the portrait is worth $12 million dollars. Her appraisal could be used to help a jury calculate damages. O' Neal claims that Farrah Fawcett did not own the piece of art work when she died and thus could not be lumped in with all of her other artwork which was left to the university. Instead, O'Neal says that Andy Warhol bestowed the work of art to him. If O'Neal wins, he plans to leave the portrait to his son, who he had with Farrah Fawcett. The university wants to show the art in its Blanton Museum of Art.

See Anthony McCartney, Correction: Fawcett-Warhol Dispute Story, Associated Press, Dec. 9, 2013.

Special thanks to Laura Galvan (Attorney, San Antonio, Texas) for bringing this article to my attention.  

http://lawprofessors.typepad.com/trusts_estates_prof/2013/12/legal-battle-between-university-of-texas-ryan-oneal-over-warhol-artwork-1.html

Current Affairs, New Cases | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a3fabfc754970b

Listed below are links to weblogs that reference Legal Battle Between University of Texas & Ryan O'Neal Over Warhol Artwork:

Comments

Post a comment