Correction: Fawcett-Warhol Dispute story

Published on NewsOK Modified: December 9, 2013 at 1:50 pm •  Published: December 9, 2013
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LOS ANGELES (AP) — In a story Dec. 6 about an ownership dispute over an Andy Warhol portrait of Farrah Fawcett, The Associated Press reported erroneously the name of one of actor Ryan O'Neal's attorneys. His name is Todd Eagan, Todd Eagen.

A corrected version of the story is below:

Fawcett portrait worth $12M, expert tells jury

Expert tells jury Warhol portrait of Fawcett at center of dispute is worth $12 million

By ANTHONY McCARTNEY

AP Entertainment Writer

LOS ANGELES (AP) — An Andy Warhol portrait of Farrah Fawcett currently held by actor Ryan O'Neal is worth an estimated $12 million, an appraiser told a jury Friday.

New York art appraiser Lee Drexler testified in a lawsuit by the University of Texas at Austin against the actor in which the school is seeking to gain possession of the Fawcett portrait for its art museum.

O'Neal contends the artwork was given to him as a gift by Warhol and did not belong to Fawcett when she died in 2009. The "Charlie's Angels" star left all her artwork to the university; her gift included another version of the Warhol portrait.

Drexler was the university's final witness in its principal case, which started with opening statements Nov. 25. Her estimate could be used by a jury to award damages if it finds that O'Neal improperly took the artwork after Fawcett, his longtime partner, died.

Drexler said because of Fawcett's fame and beauty, Warhol's portrait of her was extraordinary. She noted the artist's works remain hot sellers and said the average auction price for one of his pieces is $7.5 million.

"This is not average," Drexler said of the silkscreen portrait Warhol crafted from Polaroid pictures he shot of Fawcett. "This painting makes your eyes pop. It's magnificent. It's just a gorgeous painting."



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