A judge ruled on Friday the three men who acted as the trustees of late artist Robert Rauschenberg’s estate are entitled to $8 million each as compensation.
Lee County Circuit Court Judge Jay Rosman found the trustees should receive a total of $24 million dollars. That’s including the $8 million they had already paid themselves.
At the beginning of the trial in June, the trustees, who are Rauschenberg’s friends and business partners, asked for up to $55 million in compensation.
They claimed the job was demanding and they had grown the value of the estate by the time they handed it over to the foundation.
In his ruling, Judge Rosman agreed to give them half of what they asked for but said they did good work.
He wrote, “The court finds that the trustees were loyal to Rauschenberg and his vision…The focus of the Trustees was always on maximizing benefits to the Foundation, as Rauschenberg would have wanted. The success of the administration reflects this was true.”
The Robert Rauschenberg Foundation, which includes the artist’s son Christopher Rauschenberg, said that amount was unreasonable. They argued many of the tasks described by the trustees did not fall under their duties, but the court found these services were relevant.
The foundation claimed a total amount of $375,000 was reasonable compensation for the trustees.
Robert Rauschenberg was an experimental painter known mainly for his works combining found objects and paint. He spent much of his later years on Captiva before passing away in 2008.