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warhol

Joel Wachs on the Warhol Authentication Board Dissolution: ‘We’re Not Here to Serve Any Collectors’ Financial Interests’

A Sotheby's employee with a Warhol in Hong Kong (Photo courtesy of Getty Images).

Reached for comment today about the Andy Warhol Foundation’s decision yesterday to dissolve its authentication board, Foundation president Joel Wachs downplayed the potential implications of its decision, saying that the Warhol authentication process would now follow the same path it would for any other artist. He added that the foundation’s extensive catalogue raisonnĂ© work would take up any other slack.

“There are over 100,000 works by Andy Warhol and in last 16 years that the authentication board’s been in existence only 6,000 or so have actually gone before the board,” Mr. Wachs told Gallerist. “The authentication board only gets a work if an owner wants to sell it, while the catalogue raisonnĂ© is an ongoing project on which we spend more than a million dollars a year in research, so it’s a very different process, one that is completely focused on scholarship as opposed to the market.”

“We’re not here to serve any collectors’ financial interests,” he added. Read More