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Graffiti Art Worth $200 Million? It Is for This Artist Who Opted for Facebook Stock as Compensation


With Facebook announcing yesterday it would officially go public -- hoping for $5 billion in its IPO -- shares in the company's stock with be worth a lot. One graffiti artist who painted the company's headquarters in 2005 -- and at the time told the New York Times he found Facebook "pointless and ridiculous" -- could be receiving shares worth $200 million.

How? The Daily Mail reports David Choe was given the choice between monetary compensation or the equivalent in shares by the president after painting the company's first headquarters in Palo Alto, Calif. Choe chose the shares.

Although the Daily Mail reports that Choe is not making a statement on this wise financial decision now, it does note that this amount is more than Damien Hirst received in his record-breaking sale at Sotheby's in 2008.

Choe is also responsible for the later painting of Facebook's new headquarters.

Facebook's filing with the Securities and Exchange Commission would be a new record since Google's $1.9billion IPO in 2004.

Watch Cheo show CEO Mark Zuckerberg how it's done:

The Associated Press contributed to this report. 

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