Is it legal for a Gallery (or artist) to create new versions of older limited edition serigraphs ?

An art Gallery in Quebec I follow is selling new pieces (serigraphs) of artwork with very low numbers, i.e. 10/13. However, my parents have owned one of the exact same pieces for 18 years with a 114 /125 number? Is it legah/ethical to create new version of a pieice of art? That would seem to devalue the pices already owned.

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