Seventies beauty icon Farrah Fawcett died in June of 2009 at the age of 62, following a terrible battle with cancer. She did the proper estate planning, complete with a will and a trust. [You can read the trust here]. So why are there not one, but two lawsuits over one of her assets?
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It all comes down to a famous Andy Warhol painting of Fawcett. Warhol painted two silkscreen paintings of Fawcett and reportedly gave them both to her as presents. [You can see one of the two paintings here].
Fawcett’s trust provides that her art collection passed to the University of Texas, her alma mater. The University received one of the two Warhol paintings, but not the other. So where is it?
In the possession of Fawcett’s former on-again, off-again boyfriend, Ryan O’Neal … and he doesn’t even dispute that he has it. So the University of Texas sued O’Neal, claiming the painting belonged to Fawcett when she died and should now belong to Read more...
Ryan O’Neal is at it again. He and Craig Nevius, a Hollywood producer who used to work closely with Farrah Fawcett, are in the midst of more legal fighting against one another.
Andy Warhol’s famous portrait of Farrah Fawcett
Initially, they both sued, each claiming the other had exploited Fawcett while she was sick from the cancer that claimed her life. Why? They both said the other had taken advantage of her to produce a documentary about her life and her sickness. Those lawsuits ended when Nevius ran out of money for legal fees.
Now, he has no choice but to continue fighting. Ryan O’Neal — Farrah’s ex and father to Farrah’s son — has sued Nevius again. What’s at stake this time? It’s all about the art.
Specifically, a certain, famed Andy Warhol painting of Fawcett in O’Neal’s possession. O’Neal says Warhol gave it to him years ago. Not everyone thinks he’s being honest though.
In fact, Farrah Fawcett’s Trust, which you can read here, states that her Read more...