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Arguments wrap up in legal fight over Warhol's Farrah Fawcett portrait

Andy Warhol's portrait of Farrah Fawcett.
Andy Warhol's portrait of Farrah Fawcett.
AP Photo/Blanton Museum of Art, Copyright The Andy Warhol Foundation for the Visual Arts
Andy Warhol's portrait of Farrah Fawcett.
"Farrah Fawcett", a Polaroid portrait by artist Andy Warhol, is displayed at Sotheby's during a preview of The Polaroid Collection, in New York, June 16, 2010. It was the basis for the Warhol painting in dispute.
Emmanuel Dunand/AFP/Getty Images

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An Andy Warhol portrait of the late actress Farrah Fawcett is at the center of bitter legal fight that has wrapped up legal argument phase this week.

The silkscreen on canvas piece by Pop Art luminary Andy Warhol has attracted celebrity testimony from Fawcett's friends and a tearful plea by actor Ryan O'Neal, but it's also raised questions about artistic control and academic access.

The University of Texas, where Fawcett attended, says the portrait belongs to the institution, along with the rest of Fawcett's art collection, but O'Neal says the portrait holds sentimental value and it should be with him.

For more, we're joined by AP reporter Anthony McCartney, who has been covering the case.