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Fawcett portrait

Farrah Fawcett

LOS ANGELES (AP) – An Andy Warhol portrait of Farrah Fawcett currently held by actor Ryan O’Neal is worth an estimated $12 million, an appraiser told a jury Friday.

New York art appraiser Lee Drexler testified in a lawsuit by the University of Texas at Austin against the actor in which the school is seeking to gain possession of the Fawcett portrait for its art museum.

O’Neal contends the artwork was given to him as a gift by Warhol and did not belong to Fawcett when she died in 2009. The “Charlie’s Angels” star left all her artwork to the university; her gift included another version of the Warhol portrait.

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