Wednesday, November 17, 2010

UPDATE: Warhol Foundation drops counterclaim against Joe Simon

According to Businessweek, "the Foundation [has] decided not to try to recover its own legal costs from the collector because a search turned up no assets." That's $7 million in legal costs that could have gone towards the Foundation's "charitable mission of promoting the visual arts and preserving the legacy of Andy Warhol."

For background, click here.

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