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by mathattack 4631 days ago
The whole Banksy craze tells me how much of the value in art is things being famous for their own sake. It isn't that it's art (or graffiti) that causes the problem (or value) it's that it's someone famous.

There is a story in NYC about the French embassy finding they had a Michelangelo in the lobby of their building. (It was there when they bought the building) Once they realized what they had (years later) then they had a problem. They couldn't sell, it, and it required security, so ultimately they gave it to a museum.

http://www.thearttribune.com/The-Cupid-attributed-to.html http://cityroom.blogs.nytimes.com/2009/10/13/a-statue-for-a-...