JONONE's Next to the High-Ways Signs was the star lot of a street art sale at Artcurial in Paris.
The lot made $53,280 in the February 14 auction, beating an estimate of $39,110 by 36.2% and setting a new artist record.
JONONE is a founding member of 156 All Starz, one of New York's original graffiti crews. He moved to Paris in the mid-1980s.
Speedy Graphito's Captain Spray sold for a record $42,127.
Graphito is a French artist who began painting on the streets of Paris in the early 1980s. His work often features Disney characters and corporate logos.
Arnaud Oliveux, head of Artcurial's Urban Art department, told Blouin Art Info: "This 10th session dedicated to urban art was a vibrant celebration of this movement which is today recognized internationally.
"The historic graffiti as well as the contemporary scene is acclaimed. New records set tonight confirm that Artcurial is the market reference for urban art."
Records were set for nine artists in the sale, a result that indicates the health of the burgeoning street art market.
The most valuable piece of urban art ever sold is Banksy's Keep it Spotless, a collaboration with Damien Hirst that sold for $1.8m in 2008.
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