In the on-going discussion of the importance of street/wall/graffiti art to the art world, let me share this link to an LA Times article by David Ng on an upcoming auction by Bonhams on October 29.
http://www.latimes.com/entertainment/arts/culture/la-et-cm-street-art-bonhams-auction-20121010,0,788438.story?track=rss
Works by some of the biggest names in the "business" will be represented including Banksy, Fairey, and KAWS, among other notables.
And if there were still any doubts about the viability of the urban genre, just look at the estimated prices of the most prized pieces: $20 to $80K US. (Where's that can of aerosol paint?)
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