Page last updated at 21:08 GMT, Friday, 2 January 2009

Lowry works on sale at art fair

A framed oil on canvas painting titled Street Scene, by L S Lowry
One of the paintings is signed and dated by the artist

Two oil paintings by LS Lowry have gone on sale at an antiques fair for nearly �500,000.

The two paintings are among 12 by the Salford artist worth a total of �1m, at the Westonbirt School Antiques and Fine Art Fair near Tetbury, Gloucestershire.

One of the works, a busy street scene, is signed and dated 1953 and is being sold for �325,000.

The second, a view of an industrial landscape in Salford, has a price tag of �150,000.

The pictures belong to David Smith of Neptune Fine Art.

About 50 dealers from across the UK are expected to take part in the fair, which will last until Sunday.

Fair spokesman Duncan Phillips said of the Lowry paintings: "It is an absolute privilege to have such a dealer here.

"He fully expects to sell one or more of the paintings over the coming days.

"Even in these times the investment potential is tremendous."

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