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Cheshire auctioneer Adam Partridge will offer the painting for sale on Thursday, October 28, together with two genuine Lowrys and other art works, taken by police from Taylor's mansion, Brownlow Hall, near Congleton.

The seized property, to be sold without reserve, is expected to raise around £50,000-70,000, some way short of the £1.2m Taylor needs to raise to save himself from being sent back to prison to serve a ten-year sentence.

In March 2009, Chester Crown Court was told that Taylor, 62, dubbed "Lord Fraud", had tricked an art dealer into buying the "Lowry" for £330,000 in a meeting at his room at London's Ritz Hotel.