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Last Updated: Wednesday, 15 February 2006, 13:18 GMT
Council to sell Lowry painting

A painting by LS Lowry worth an estimated 500,000 could be sold to balance a local council's budget.

Bury Council, in Greater Manchester, said it was considering selling the artwork to help it pay off a deficit of about 10m.

The painting - A Riverbank - is currently on public show at the town's art gallery.

The council blamed the proposed sale on it receiving less money from the government than it had expected.

Chief executive Mark Sanders said he was "hopeful" the painting would remain available to the public if it was sold.

Reinvest money

He added: "The painting was bought many years ago for the princely sum of 175.

"It is not central to our collection, which centres entirely around Victoriana, and we need to reinvest that money into services."

The move was expected to be approved at a council budget meeting on Wednesday evening.

Also among the proposals are to raise council tax by 5% so an average Band D property would be charged more than 1,200.

Other plans include raising parking fees, reducing the amount of road maintenance and cutting opening hours at the borough's art gallery and libraries.


SEE ALSO:
Glasgow buys Lowry docks painting
18 Nov 05 |  Scotland
Value of late artist's work soars
16 Nov 05 |  Manchester
Lowry painting fetches 498,000
04 Jun 04 |  Cumbria
Stolen paintings back on show
19 May 03 |  Manchester
Lowry's house to become flats
24 Dec 02 |  England


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