Lowry Fetches £541,250
Christie's London auction of L.S. Lowry's A Market Place, Berwick-upon-Tweed (1935), which I mentioned last month (CLICK), did better than its top estimate of £500,000 and made £541,250, despite the recession. That's a nice little profit for Cambridgeshire County Council, which bought the painting for 30 guineas in 1945. The money will go toward its "cultural programme". Something gross?