Score one for the big boys. Joe Simon, the owner of a disputed self-portrait of Andy Warhol from a series of 12 that has been rejected twice by the authentication committee, is withdrawing his suit. He and his lawyer are out of money and the Warhol foundation has been litigating the hell out of them, according to Jason Edward Kaufman.
Kaufman’s voluminous blog post gives every detail ever written on the saga. So let’s just communicate the newsworthy nugget:
“The case is done,” says Simon. “I can’t do it anymore.” The reason is that Redniss, who has been working for years without pay in exchange for a percentage of a prospective settlement, is unable to respond to the numerous motions filed by lawyers for the Warhol Foundation. Simon says he does not have funds to hire additional counsel and is unable to enlist other firms willing to work on contingency.
Warhol Foundation Lawyers Quash Anti-trust Lawsuit (ArtInfo.com)