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|Additional Physical Format:||Online version:
Alexander, Paul, 1955-
Death and disaster.
New York : Villard Books, 1994
|Named Person:||Andy Warhol; Andy Warhol; Andy Warhol|
|All Authors / Contributors:||
|Description:||258 p.,  p. of plates : ill. ; 25 cm.|
A brilliant collector, compulsive shopper, and prolific worker, Warhol left vast holdings that included antique furniture and jewelry, real estate, a profitable magazine, contemporary art, and the single most valuable asset, his own unsold work - a collection so large that its appraisal would take months. In their early moments of panic, Warhol's associates set the value of his estate at $10-$15 million. Seven years later, with the estate not yet closed, some claimed that Warhol's empire was worth $220 million, while others would assert that it was worth $827 million. Finally, in April 1994, a New York surrogate's court judge fixed the value of Warhol's estate at more than $500 million.
Shortly after Warhol's death, as directed in his will, the Andy Warhol Foundation for the Visual Arts - a not-for-profit grant-giving organization - was created. By 1990, however, the foundation, the estate that created it, and the attorney who at one time represented both entities would all be at war. At the heart of the conflict was the question of the ultimate worth of one of this century's most influential artists, and, as the multimillion-dollar battle was waged in court, in the gossip columns, and in the pages of newspapers and magazines, a story both absurd and tragic - a veritable saga for the nineties - began to unfold.