You might know Shepard Fairey. If you don’t, you probably do or at least haven’t realized yet. The Los Angeles man behind Obey and one of the stars in street artist Banksy’s mockumentary, “Exit Through the Gift Shop,” has risen to fame in the contemporary art world, partly because he created one of the most recognizable pieces of political art in the 21st century: the Obama “Hope” poster – a work that the Obama campaign adopted in 2008 as their Mona Lisa.
And the AP was not so happy with the commercial success of Fairey’s creation, thus leading to a copyright lawsuit in 2009. To counter that, the artist sued the AP for any inclination that he stole the picture and the resulting defamation that would come with that. In the end, Fairey ended up paying $1.6 million, mostly out of his own wallet, in damages to the AP.