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Lot description
The Heart of the City; the Royal Exchange signed 'V. Coverley-Price' (lower right) and inscribed 'The Heart of the City' (on a label attached to the reverse) oil on board 24 x 36 in. (60.9 x 91.5 cm.) NOTES The present work is a view of the Royal Exchange building at the junction of Threadneedle Street and Cornhill. Plans for the bourse began in 1565 and Queen Elizabeth I granted it royal status in 1570. Fires destroyed the first and second Exchanges, the third and present building of classical design with a massive portico and eight Corinthian columns was designed by Sir William Tite and opened by Queen Victoria in 1844. The Exchange ceased its original function in 1939.