Artist's foundation appeals judge's decision

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Posted: Monday, August 18, 2014 3:15 am

FORT MYERS, Fla. (AP) — The foundation for late pop artist Robert Rauschenberg is appealing a decision by a Lee County judge to award $16.6 million to three trustees of the Robert Rauschenberg Revocable Trust.

On Aug. 1, Judge Jay Rosman awarded trustees $24.6 million, minus about $8 million in fees they had collected from the Robert Rauschenberg Foundation. The fees sought were for services performed.

The News-Press reports (http://newspr.es/1sYYs6) that the trio of trustees had initially sought $60 million, then amended the amount to about $55 million. The amount hinged on whether the trustees should be paid based on a percentage of the value of the artist's $2.2 billion estate.

The judge said the trustees did "an outstanding job" managing the trust's assets.

Rauschenberg died at his home on Captiva in 2008.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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