Makes me wish I had a first edition release of "Beat Bop" and The Offs 1st record.

I thought this was interesting .....
According to a release from Pace about the prints: "The posthumous release is stamped and signed by Lisane Basquiat and Jeanine Heriveaux, the artist's sisters and administrators of the Estate of Jean-Michel Basquiat."

They gotta do something to 'earn' that fat paycheck they are getting

They should have channeled their brother's spirit and pulled some screens during production. I hope they signed a COA rather than the actual artwork.

I find it entertaining that they're all being accused of cashing in and damaging a legacy instead of doing what was needed to try and get the estate out of debt. I think that most, if not all of these comments are being made without an understanding of their situation with the IRS.

Not a big fan of posthumous art although my friends family did have a nice set of Canaletto placemats in the seventies

This is Theo van Gogh. Great grand nephew of Vincent van Gogh. Original print release forthcoming. Pre-orders available starting at $1.5 million. Edition of 500.

Not exactly sure where your facts are coming from but the basquiat estate is absolutely not in debt but in an ongoing case with the IRS over over a blockage discount on the assets when they were transferred from the recently deceased mother and father. The valuation for taxation is in debate here but the overall estate is worth hundreds of millions. They are still in possession of over 1300 original paintings and drawings. His "Dustheads" painting alone going for $48 million back in 2013 just before the IRS audit. The amount being disputed with the IRS is currently about $12 million and while the penalties and interest mount over time the estate is coming out way ahead with the constant appreciation of their holdings. Hard to shed a tear here. 

I don't think inheritance should be taxed at all. Furthermore, I think it abhorrent that someone should be taxed for inheriting creations. I really feel the board in general takes an eat the rich attitude towards any financial matters but people should really take a look in the mirror here in terms of their own incomes. 

The estate tax serves a purpose. So that we don't have a permanent class of wealthy people who contribute nothing society and a permanent class of working poor. It used to do a better job at that. But one thing about politicians is they can always be bought. So the tax has been watered down tremendously over the years.

I'm with Coach and Banksy ... Abolish inheritance all together. All though I have to admit, if I had a few hundred million coming to me I'd be singing a different tune but that still wouldn't mean I deserved it. Not sure how this got into tax law ... Still think the print is horrible but there are a few coffee cups and dinner plates I do like. 

Well perhaps society could aim for fair instead of paradise? I think that society can tax the wealthy and still have a working class.

If we are in this Forum I think we can safely say that we are in the privilege of being able to buy art even if we are broke after, or Rich enough to not have it effect us. The point being we have a privileged point of view to someone who cant afford a 100 dollar print. Because basquiat buyers can buy 50K print and the estate is making money we all cry foul? Look at where you are, being able to afford to collect art and look at someone else starving or in a situation where Art is the last thing on their mind. Its all perspective so I dont get why some people will act as if their stance is not as priviliged in the world view as the Basquiat estate.

Just enjoy the Art its another print drop that could be good or bad. The value is more and the artist is dead which is a valid argument, but arguing about economics and who can make money or should make money takes a world perspective not just one from where you stand.