Good question.
Overall, I would think not. Yes, you are reproducing copyrighted material, but it’s not done for commercial sale, but rather as a single commissioned work. It’s certainly not diluting the market for the bookstore editions of the book, and I would say that the calligraphy alone would be rendering it transformative. I think that the Estate could sue, but I doubt they would do so: not for a one-off piece of art.
If it were exhibited publicly, however, rather than just being an enormous coffee table book in someone’s house, I think the Estate would be required to provide permission, though.
And depending on how long it takes to create and where you make it, it might be out of copyright by that point anyway (2023 in Canada, 2044 in the UK and the US based on current copyright law).
