The Potter County District Attorney's Office on Wednesday issued an arrest warrant for Amarillo millionaire and eccentric artist Stanley Marsh 3, accusing him of 11 felony counts of child molestation.

Lubbock County District Attorney Matt Powell, who is acting as special prosecutor in the case, said Wednesday that Marsh faces six counts of child sexual assault and five counts of sexual performance by a child that involve two alleged victims.

According to the Amarillo Globe-News, Marsh was arrested and booked into the Potter County Detention Center Wednesday afternoon. Hours later he was released after posting three $100,000 bonds.

Several lawsuits filed in the past few months claimed that the now 74 year-old Marsh paid several teenage boys for sexual acts. The teens weren't named in the lawsuits. One said Marsh gave him drugs and alcohol.

Marsh is probably best known for planting 10 brightly painted Cadillacs nose down along the remnants of Route 66 (present-day Interstate 40) in the 1970s, which became known as the Cadillac Ranch.

Marsh's attorneys told the Globe-News that he is not guilty of the charges against him.

Information from the Associated Press used in this report