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...Unlike most graffiti, Banksy's work, if it remains, is likely to add value to the property, not least because it's considered a valuable work of art. But attempting to sell Banksy's street works can be a risky business. Last month, five of the artist's street pieces failed to sell at auction because Banksy refused to verify their authenticity. In January, a wall Banksy painted received a final bid of over $400,000 in an eBay auction, but the sale was never finalized, according to Banksy's publicist. The organization that authenticates Banksy's artwork, Pest Control...

Author: /time Magazine | Title: Banksy Defends His Guerrilla Graffiti Art | 10/29/2008 | See Source »

...council has taken a pass on Banksy. In Oct. 2007, the London council of Tower Hamlets ordered the removal of his work. A year earlier, the city council of Bristol, reportedly Banksy's hometown, had considered removing one of his murals, but in the end allowed it to remain, citing an outpouring of public support on an online forum. (Watch TIME's video "Graffiti Meets the Digital...

Author: /time Magazine | Title: Banksy Defends His Guerrilla Graffiti Art | 10/29/2008 | See Source »

...owner of the property itself is apparently happy for the painting to remain in place so Westminster council has now sought consultation with local residents in order to prove the painting is having a detrimental affect on the area...

Author: /time Magazine | Title: Statement Issued from Banksy's Spokesperson, Jo Brooks | 10/29/2008 | See Source »

...think will be built in Chicago and elsewhere will never be built. The banks are shut down. But we got this one built, and we're proud of it." Getting it built and getting it sold are two different things, however. Many of the gleaming building's units remain on the market. Overall, Chicago's market is faring better than many. Roughly 75% of the 4,900 condominium units under construction in Chicago's downtown are already sold. But it's not out of the woods just yet - next year, the number of new units coming onto the market...

Author: /time Magazine | Title: The Housing Bust: Signs of a Bottoming Out? | 10/29/2008 | See Source »

...value of homes in the area remain strong even if that means simply declining less than other markets. Real estate broker Ed Nornes argues that there is a bright side to the housing lull. "It does weed out a lot of people who did not belong in this business...

Author: /time Magazine | Title: Charlotte Stays Optimistic After the Banking Fallout | 10/28/2008 | See Source »

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