The estate is supposed to turn Mr. Indiana’s dilapidated house into a museum to display his works. The estate is now embroiled in litigation over the withdrawn cash and whether Mr. Indiana was actually producing new art at the time of his death.
A few points:
1. Situations involving wealthy elderly individuals with no close family are always difficult because there is so much potential for financial exploitation.
2. Sometimes the caretaker is the best person to serve as attorney in fact if there are no relatives and the individual has outlived all of his friends.
3. Still, $600K of withdrawals for an individual living on an island off the coast of Maine with no place to spend the money seems excessive.
4. The last thing our country needs is another remotely situated vanity based museum dedicated to an artist of modest reknown.
5. AC/DC apparently copied Mr. Indiana’s playbook of recycling/copying prior work to earn great wealth.
Photo Credit: Johnsonville Sausage
License: Fair Use/Education (from linked article)