Now that NYC's most famous subway ad remixer Poster Boy got himself arrested, he's more famous than ever! We hear the NYT is even planning a story on him. For us it's about the art.

The most important painting of our time, Nick Denton With Pancakes on His Head, has just sold at auction for $560. That makes him 63% as valuable as Florida State's Keith Gessen. The buyer:

Poster Boy, beloved remixer of subway posters, has been going public, chatting with the Guardian, New York and at least one videographer. It finally got him in trouble.

Have you been laid off recently? Are you so depressed about the state of the job market that you find yourself sleeping all day? Have we got a job for you! The New Museum says it's looking for women ages 18 to 40 to take sleeping pills and sleep on a bed in the middle of the museum from 12pm to 6pm daily as a part of a new exhibit by artist Chu Yun. Even better: The museum is paying $10 an hour for the gig, which is a lot more than you're getting for sleeping in your own bed. Insomniacs and people with a fear of exhibitionism need not apply! [New Yorkology]

From a tipster: "I saw this bunny standing pacing in front of galleries on 24th street off of 11th have this morning...unusual marketing by galleries? legit unemployment performance art?" Likely because galleries are all closing.

Bidding on Dan Lacey's one-of-a-kind Pancake Head Nick Denton painting has reached $300, thanks to interest from current and former employees. Remember: the Keith Gessen remix book went for $890. Six days left, people. [Previously]

MAD Magazine is about to put out its 500th issue. Fantastic! But starting in April, the mag is cutting down to only four issues per year. Nooooo! Reminisce on some of MAD's fine Obama-related work:

Just when you thought Pancake-themed political artist Dan Lacey couldn't top his Obama bear wrestling piece, witness this: Gawker Media overlord Nick Denton, with pancakes on his head. This is for sale to the public.

The best thing about this apartment at the crumbling, scandal-plagued Plaza? The furniture and Kate Moss portrait by Chuck Close, of course! Unfortunately, your $13.75 million (or $35,000 a month) only buys you the apartment, not the furnishings. Daydreaming is still free, though; you can look at a few more pics of this primo pad after the jump. [Luxist]

Renee D. Jennings emails to let us know she is the "Ultimate Obama Supporter"—though she couldn't attend the inauguration, she got this tattoo last night. Free! What a... happy, happy thing.

Poster Boy let the Guardian tag along for some of his work, and mentioned that the NYPD Vandal Squad is squeezing his friends for information with which to hunt him down.

What has our favorite semi-anonymous ad vandal Poster Boy been up to lately? Just tearing down the commerce-based capitalist infrastructure and replacing it with a vision of public utopia.

In 1979, a hirstute Madonna posed nude for Lee Friedlander. You can buy the photo for an estimated $15,000 at Christies, just in time for Valentine's day. Or just look at it for free. [Christies]

Polarizing American artist Andrew Wyeth, who painted "Christina's World"—my favorite painting ever, go see it in the flesh canvas at the Museum of Modern Art—died yesterday at age 91.

Our new favorite artist Dan Lacey—the man who brought you Sarah Palin with pancakes on her head—embodies a weary nation's hope for the future. With class. [You can buy it here]

A new site lets you make your own OBEY-style Obama poster ripoffs. Do it now while it's still cool! [Obamicon.me via Folio]

The romance between Wall Street high rollers and contemporary artists was always going to be a Faustian pact, even though the Chelsea denizens who rode the wave of stratospheric prices haven't wanted to contemplate that fact. But they no longer have a choice as it becomes increasingly obvious that the collapse of the financial markets has pulled the art market right down with it.

The world financiapocalypse has unsurprisingly screwed the world's fine art market. Christie's just announced layoffs. Art's next (last) hope: February's auction of Yves Saint Laurent's incre-deeb collection. It all comes down to this:

Ezra Merkin, the financier who steered $1.8 billion into Bernie Madoff's pockets, officially stepped down today as the chairman of GMAC, the financing arm of General Motors. The move was widely expected given the reputation-shattering events of the past few weeks, a staggeringly swift fall for a resident of New York's richest apartment building and the president of one of the city's most prominent synagogues. But when there's blood in the water, the sharks turn up for dinner, which is why Merkin's art adviser, Ben Heller, says his phone is ringing off the hook.

Richard Prince's appropriation art has long been popular with big-name collectors, but there's at least one person seeing red over Prince's most recent works, which went on display at Larry Gagosian's gallery last month and are featured in a new book by Rizzoli. Photographer Patrick Cariou filed a lawsuit against Prince, Gagosian, and Rizzoli last week for using a number of his photographs in Prince's "Canal Zone" exhibition without his consent, pics that Cariou alleges first appeared in his 2000 book, Yes Rasta. Prince, of course, has spent decades using other images in his works. What's different this time around? Cariou says that in the past Prince has typically relied on "anonymous commercial imagery." This time, though, he took advantage of Cariou's hard work since the photos in question were derived from the "ten years he spent in the secluded mountains of Jamaica, gaining access to, living and working with, and earning the trust of the Rastafarians who are the subjects of Yes Rasta." There's one party, though, who we imagine is very happy to have avoided any further legal trouble: disgraced author James Frey, who penned the text in Prince's book, but isn't named in the lawsuit. You can review the full suit for yourself below.