Lowry's Riverbank Sold

Coxsoft Art brought you the first rumblings of this story back in February. Today, L.S. Lowry's A Riverbank, bought by Bury Council in Greater Manchester for £175 in 1951, went under the hammer at Christie's and fetched £1,408,000 including commission. Proceeds of the sale will go toward Bury Council's estimated £10m budget shortfall. The Council now faces expulsion from the Museums Association!