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Tuesday, 05 August 2014 10:43

Judge Awards Rauschenberg Trustees $24.6 Million

A Florida judge has awarded $24.6m to three trustees of the Robert Rauschenberg Revocable Trust in a long-running legal dispute with the Rauschenberg Foundation that dates back to 2011.

The trustees sued the foundation for compensation for their “extraordinary services” in administering the trust. Under Florida law, trustees are entitled to “a reasonable fee” should the terms of the trust not specify their remuneration.

The trustees, Bennet Grutman, Darryl Pottorf and Bill Goldston, argued that they deserved a combined sum in the region of $51m to $55m. The foundation argued that this figure should be around $375,000 only.

Published in News

The trial continued Thursday in a lawsuit brought by three trustees of the Robert Rauschenberg Revocable Trust, who are suing the artist's foundation for $60 million in fees for services rendered.

The worth of Rauschenberg's work was again the focus.

The trustees are Bennet Grutman, who was also Rauschenberg's accountant; Darryl Pottorf, close friend and companion and executor of the artist's will; and Bill Goldston, who partnered with the artist for a fine art print publishing company.

Published in News