“The Andy Warhol Art Authentication Board will be dissolved in early 2012. The decision was announced today by the Andy Warhol Foundation after a strategic review of its core aims, according to foundation president Joel Wachs. The foundation will continue its work in establishing the complete catalogue raisonné.

The closure of the authentication board means more money can be spent on the foundation’s charitable goals, Wachs has told The Art Newspaper. “It is a matter of priority, and our responsibility to Andy’s mission. Our money should be going to artists, not lawyers,” says Wachs, referring to the astronomical sums that have been spent on legal fees defending the board’s controversial decisions in the past.”

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