What Does BNE Stand For?

I've been wondering lately when I would next see this graffiti artists' mark. This sticker is on some scaffolding on 6th Avenue at 39th Street. I see these stickers, and ones like it, more often than you might think. And if you've not read the New York Times piece about this person, I highly recommend it. That reporter got a serious scoop, because this person is wanted for defacing public property all over the world. Here's just one chunk from the Times.

"The postcard-size stickers bearing the three simple black letters are affixed to mailboxes, phone booths, signs, walls, parking meters and streetlights, mostly in New York and Japan, but also in Bangkok, Prague, Hong Kong, Kuala Lumpur. He goes through 10,000 stickers a month."

No one officially knows what BNE stands for, but some people consider what he does to be artwork. This person's initials seem to mundane, and breaking-and-entering seems to me to be a wholly different crime. I think these three letters could stand for any one of these...
* Bought New Ears
* Bahama Newcomer Excited
* Bright North Enemy
* Blue Nasty Evening
* Buffalo Nicks Everything

What do you think BNE stands for? Leave a comment below.