BBC

London

The 5ft 2in (1.57m) work depicts the “bag lady [who] died without a penny to her name,” a museum spokesman said.

Liverpool-born sculptor Leonard J Brown said it was “to show people that money isn’t the only way to make you happy”. He said his inspiration was seeing an old lady carrying a large number of bags in Hull, where he now lives.

The sculpture took six months to complete and the process began with the artist first having to negotiate with the Bank of England to get the used notes.

He was eventually given the notes in the form of shredded pellets, £300,000 of which he used to fill the sculpture’s chest cavity, while the remainder were mashed and moulded to a steel frame.