[1] The Board, based in New York City, consisted of six members, including art historians, curators and those who personally knew Warhol and his work.
[4] The board met three times a year to examine works and made determinations only of authenticity, not market value.
[5] The Board sometimes received criticism for its operating methods[1] and what was perceived as arbitrariness in judging whether or not a work was an authentic Warhol.
[1][9] Speaking to The New York Observer, Warhol Foundation President Joel Wachs explained the reasons for the decision, saying the Authentication Board was subjected to legal action '10 or so times' in its 15 years of operation.
[10] The Foundation continues to support development of the Warhol catalogues raisonnés, which encompass judgements about the authenticity of individual works.