LONDON (AP) — The massive bronze sculpture is formally known as "Draped Seated Woman," a Henry Moore creation that evoked Londoners huddled in air raid shelters during the Blitz.
To the East Enders who lived nearby, the artwork was known as "Old Flo," a stalwart symbol of people facing oppression with dignity and grace.
But now, Old Flo may have to go.
The cash-strapped London borough of Tower Hamlets, one of the poorest communities in Britain, plans to sell the statue — estimated to be worth as much as 20 million pounds ($30 million).
Art lovers fear the sale of such a famous sculpture would set a worrisome precedent, triggering the sell-off of hundreds of lesser works housed in parks, public buildings and little local museums as communities throughout Britain struggle to balance their budgets amid the longest and deepest economic slowdown since the Great Depression.