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The Warhol Foundation, the official body of the Andy Warhol estate, does a few things:
They represent Andy in all things legal and commercial, even though he's been dead since 1987. (Warhol still earns more money per year than most living people. This year he's number 13 on Forbes's list of "Top Dead Earners.")
They are the group that officially authenticates Warhols as "genuine." Due to the incredible difficulty of that task and the lawsuits that came from it, they stopped doing that last year.
They give money to art institutions in the form of grants.
They own, and are oh-so-slowly selling off, thousands of Warhol works, many of which have never been seen by the public.
But in a drastic and surprising announcement, the Warhol Foundation says that over the next few years, they will donate or sell ALL of their works to raise money for more grants. The market is about to be flooded by a whole lot of (mostly minor) Warhols. Thousands. Estimated to be worth over $100 million. Look Out!
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