Although major figures in the British art world including Tate director Nicholas Serota, filmmaker Danny Boyle, and artist Jeremy Deller have voiced their opposition, the council of the Borough of Tower Hamlets in London’s East End decided on Wednesday to sell Henry Moore’s Draped Seated Woman. In addition to the big name opponents, more than 1,500 signed a petition against the sale in just a few days.

Completed in 1957, Moore sold the bronze sculpture to the London County Council in 1960 for a fraction of its worth. When the sale was made, Moore and the now defunct London Council agreed that the statue would be on view permanently near a housing project. When the project was leveled in the late 1990s, Draped Seated Woman was moved to the Yorkshire Sculpture Park.

Lutfur Rahman, the mayor of the Tower Hamlets, blamed the government’s severe budget cuts for leaving him with little choice in the matter. The sculpture is expected to bring in about $32 million when it goes to auction in early 2013.