Ryan O'Neal Fights In Court Over Ownership Of Farrah Fawcett Painting

Ryan O’Neal made a shocking admission in court as he fights for ownership of a famous painting of his longtime love Farrah Fawcett. INSIDE EDITION has the scoop.

Ryan O'Neal said his longtime love Farrah Fawcett once found him in bed with another, much younger, woman. O'Neal revealed the incident during sworn testimony in Los Angeles as he fought over who really owns a multi-million dollar painting of Fawcett by the late pop artist Andy Warhol.

On what appears to be a walk to or from court, O'Neal said, "She bought me this suit. I'm going for luck."

O'Neal took the stand and admitted Fawcett caught him with an actress named Leslie Ann Stefanson in 1997. She's best known for her role in the John Travolta movie, The General's Daughter. Stefanson was just 25 years old at the time, O'Neal is 31 years her senior. Stefanson is now engaged to actor James Spader.

"Farrah was hurt. She was in shock," O'Neal told the court.

It happened at his Malibu beach house. The painting of Fawcett hung over the bed. "My young friend was uncomfortable with Farrah staring at her," O'Neal said.

So, he asked Fawcett to store it for him. That's how the iconic painting ended up in Fawcett's condo when she died of cancer in 2009.

Legal expert Royal Oakes gave INSIDE EDITION his opinion, "The fact that O'Neal was caught in bed with a girl friend by Farrah Fawcett is relevant to the picture issue because that was his reason for then getting the painting of his house. His new girlfriend didn't like the idea of Farrah looking down on her."

O'Neal insists the Warhol belongs to him. But the University of Texas at Austin is suing for ownership, saying the actress left it to her alma mater in her will.