Texas Trial & Business Law Blog

Tuesday, March 10, 2015

Judge Dismisses $40 Million Lawsuit Against Keith Haring Foundation

On Friday, March 6, 2015, New York Federal Judge Denise Cote dismissed the $40 million dollar lawsuit brought against the Keith Haring Foundation for disputing the authenticity of a large number of supposed Keith Haring art works. Collectors brought the lawsuit after years of the Foundation's refusal to authenticate over 100 disputed works. When the collectors went on with an exhibition in Miami in 2013, the Foundation sued to stop display of the purported "fake" Haring works. The collectors later lawsuit brought against the Foundation for alleged antitrust violations, defamation and a host of other claims pleads collusion with auctioneers and false claims the works are "fake" destroying a collective $40 million dollar valuation. Judge Cote's dismissal order makes clear that the Court found the case lacking any merit though she did not sanction the collectors and find that their case was brought in bad faith. Haring, a Pop Art icon, died from AIDs in 1990. In May 2014, a Haring painting sold for $4.9 million at Sotheby's New York auction.

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