A London borough in financial straits decided on Wednesday to sell a Henry Moore sculpture valued at up to £20 million despite opposition from the art community. Mayor Lutfur Rahman called it a “tough decision” to sell the 1957 sculpture, Draped Seated Woman, which is affectionately known by locals as “Old Flo”.

Read the story via Reuters

This entry was posted on Thursday, November 8th, 2012 at 11:09 am and is filed under Art News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.