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How Denise Welch’s husband Lincoln Townley made £3m after the pound fell against the dollar

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thesun.co.uk
thesun.co.ukthesun.co.uk:

ACTRESS Denise Welch’s husband sealed a £3million deal for six paintings with a US buyer after the pound plunged against the dollar.

British artist Lincoln Townley, 49, benefitted from sterling’s collapse last week after the New York-based punter agreed to buy the artworks – part of his ‘energy’ collection depicting greedy bankers – at a favourable exchange rate.

It came after months of wrangling over the £3m price which started in July when the pound was stronger - and would have cost the hedge fund manager around $3.5m.

But it went through last Monday – as the pound tumbled to a historic low of $1.03 after markets were spooked by the UK government's mini-budget – meaning the buyer had to pay just over $3m.

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