The piece of art that was created on The Colbert Report last year has just been auctioned off at Phillips de Pury for $26,000. The painting, which was edited live on-air by Steve Martin and other various artists like Frank Stella, Shepard Fairey and Andres Serrano, was...

Shepard Fairey's recent appearance on the Colbert Report gives us yet another reason to admire Stephen Colbert's hysterical sense of humor. The two cover Fairey's influence on the Obama campaign in a ridiculously funny four minute clip. Check it out!