Art featuring copyrighted or trademarked things are ok, as long as they’re unique art; if you know the artist who created it, that helps.
We have a few universities where I live, and their logos are trademarked. However, we also have murals by local artists here that feature the logos in their artistic expression. There’s a restaurant known for their street art style murals that opened recently, and they have 1 of the universities’ logos as part of the hand painted mural. I don’t think the university is upset at all, but rather happy to see a unique artistic expression of their logo.
I’d also take a look at some of the art featured here, especially the street art/graffiti section: