Lowry enquiries:-administrator@lowry.co.uk
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17th November, 2006
A painting by LS Lowry which was sold by a council to reduce its debts, has raised £1.25m for the authority.
A Riverbank, owned by Bury Council in Greater Manchester, sold for more than twice the expected price
when it went under the hammer at Christie's.
The work - depicting the River Irwell - cost £175 in 1951 and was expected to fetch between £500,000 and £800,000.
A spokeswoman for Christie's said the buyer paid £1,408,000, including commission.
The price was the second highest price paid for a painting by the world-famous Salford artist at auction.
The most expensive was a work titled Going To The Match, which was bought for £1,926,500 by the Professional Footballers' Association (PFA)
at Sotheby's auction house in 1999
Lowry enquiries:-administrator@lowry.co.uk
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