There is a tug of war over a Henry Moore sculpture worth millions of pounds.
It's officially called Draped Seated Woman but is nicknamed Old Flo and as we reported last night - Bromley Council say they own it and they want to put it on public display.
But Tower Hamlets say it's theirs, but they want to sell it and have revealed they're speaking to lawyers about the situation. So, who's right and why is there such confusion? And will this tug of war end up in the courts? Piers Hopkirk has been finding out.
Following the challenge by the Art Fund, joined by Bromley Council, over the decision to sell Henry Moore's Draped Seated Woman, Tower Hamlets Council has obtained firm legal opinion clearly identifying the borough as the owner of the famous artwork.
Following its joint campaign with the Art Fund to save Henry Moore's Draped Seated Woman - aka Old Flo - the Museum of London has responded enthusiastically to the London Borough of Bromley's assertion that it owns the artwork.
Bromley Council has written to Tower Hamlet's Mayor Lutfur Rahman challenging his right to sell the much-loved sculpture. This new development follows the presentation of powerful new evidence that could stop the sale.
Bromley's decision follows many hours of detailed archival research conducted by the museum's specialists and others. The paper trail they uncovered shows that when the London County Council was abolished in 1963, the ownership of Old Flo was not transferred to Tower Hamlets Council.
The sculpture remained instead the property of the GLC, until the GLC's own abolition in 1985. Old Flo, along with other former assets of the GLC were vested in the GLC's London Residuary Body, and transferred to Bromley Council.
Following recent developments relating to the ownership of the Henry Moore statue, Draped Seated Woman, the Mayor of London has welcomed news that Bromley Council has asserted ownership and pledged not to sell the beloved art work.
The Mayor is delighted that Councillor Stephen Carr, Leader of Bromley Council has committed to displaying it for the benefit of the public, as Henry Moore intended.
The Mayor is keen to work with the council, alongside other partners including the Art Fund, Museum of London, the Tate and Henry Moore Foundation, to find a suitable London location as soon as possible.
The Mayor of London, Boris Johnson, said: "This is fantastic news from Bromley Council and I welcome Councillor Stephen Carr's vision for Old Flo's future. Its only right that she is given a public home so she can help enrich the lives of those around her, just as Henry Moore intended.
"The Museum of London Docklands has offered to provide this and it would be wonderful if we can work alongside the council to bring her back to the people of East London as soon as possible."
Boris Johnson has urged Tower Hamlets to reconsider its decision to sell off a multi-million pound Henry Moore sculpture.
The council has decided to auction "Draped Seated Woman" (also known as Old Flo) in order to pay off its debts. It's currently on loan to the Yorkshire Sculpture Park - but the Mayor would like to see it returned to east London. He said it would be a tragedy for the artwork to be lost.
Art experts are warning of a wave of public art sales by local authorities after Tower Hamlets agreed to sell their Henry Moore sculpture.
The borough's mayor Lutfur Raham has decided that the piece, currently sited in Yorkshire and worth around £20 million, should be sold.
The chairman of the Public Monuments and Sculpture Association has raised concerns that other councils will now be tempted to put a price tag on their public works of art.
A London council has decided a multi-million pound sculpture created by Henry Moore would be more useful translated into cash.
It was originally sold by the sculptor - for a massively reduced price - on condition it be displayed in a socially deprived area.
But in a meeting tonight Tower Hamlets Council decided to sell it off in order to pay its debts.
Councillor Shahed Ali says the money will be ploughed into services that will make a big difference to the local community, but the decision has been criticised by Sharon Ament from the Museum of London.
Ria Chatterjee reports.
Tower Hamlets has approved the sale of the Henry Moore sculpture Draped Seated Woman.