Lowry painting sells for £713k, beating antique price guide
An antique price guide placed on an LS Lowry painting has been outdone as the piece sold for more than £713,000.
A painting by LS Lowry has beaten its antique price guide to sell for more than £713,000.
The item - entitled The Steps, Irk Place - was previously valued at between £400,000 and £600,000.
The piece was a depiction of a street behind Victoria train station in Manchester, where the artist came from.
More than £5 million was generated at the sale by an array of paintings - which were sold by bookmaker Selwyn Demmy - created by the Salford-born artist with all but one of the 21 lots selling at Christie's.
The auctioneers called the collection "the most extensive overview of Lowry's work ever to come to auction".
This comes after it was revealed that a nude paining by Salvador Dali - which had been hung on Playboy magazine editor-in-chief and founder Hugh Hefner's bedroom wall - has an antique price guide of more than $150,000 (£92,886) before going under the hammer next month.
Posted by Keith Leicester