The art markets have certainly felt the pain of the Financial Crises (I like the fact that “it” has a name that everyone uses), but that 
doesn’t preclude art sales from occuring. Further, if you are a collector, this might be the best time to snag some bargains on real collectible graffiti art.
If you’re interested, there’s some graffiti art for sale through Sotheby’s in Amsterdam on Wednesday, December 3rd 2008 (Modern and Contemporary Art sale). Description below.
“The section of Graffiti Art is highlighted by a work by Blade (estimate €12.000-15.000) and Quik’s Talking Heads from 1983 (spray-paint on canvas, 185 x 290cm, estimate €20.000-30.000). The Graffiti movement evolved in the late 1960s at the time of Martin Luther King’s famous march and his violent death in 1968. Young artists started to place their “tags” (autographs) on trains of the New York transit system. The exteriors of trains offered new opportunities: space 
and internal communication. The more surfaces the artist covered, the more respect he won. Other artists became the most knowing judges and the most avid competitors. From 1972 on, graffiti was strictly forbidden and had to done by night. The graffiti artists worked at a frenzied pace, since the trains had to be up and running before dawn. The artists therefore started to make preparatory drawings of their designs and made photographs of the trains. Around 1980 they began to work on canvas, so their art could travel further that the train distance. This facilitated them to work undisturbed in their studios. ”
Don’t you love the way Sotheby’s explains Graffiti Art??
Peace.
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