anything based off of a famous person, or a copyright/trademark, needs permission from that person or company. the consequence could be something like a letter from a lawyer, to a court date. the only reason people want to sell such things is because the band did all the hard work of getting famous and the artist is just leaching off of that. if you want to make something from the band you would have to contact that label and get that permission. it would cover the photographer who took that image and the band itself.
in any case it's best to ask a copyright lawyer because we aren't lawyers.
---Mike Savad