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243 BANKSY Rat with Umbrella, 2004 Spraypaint on cardboard. 53.3 x 44.5 cm. (21 x 17 1/2 in.) Signed and dated lower edge. Additonal graphite on paper drawing on verso. Estimate: £35,000-45,000

Saturday @ Phillips is a nice auction series that opens up the auction world up to young and old collectors alike. This go-round, they have included the ever emrging and expanding urban art medium as a focus on top of their normal lots. A few noteworthy lots after the jump.

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But what if people don’t buy his work because they think it is inflated horrible?  Art market confidence relies on your mother.

Read about it at Bloomberg

This is a moment of ‘Why didn’t I think of this?’  Proving as always, the best ideas are the simplest.

Read about it all at Animal

If you are just learning about Shepard Fairey’s work and want to build a collection of it, your best bet is this auction on ebay. 20 prints, fairly rare, almost all of them worthwhile acquisitions. I have to say that I kind of enjoy imagining this type of block sale, it really feels like a commodity.

The Wall Street Journal reports on making money from Obama memoribilia.