Chris Howard bought the throne because Peter Stringfellow 'inspired' him to become a businessman.
"We operate nationwide but are based in Leeds, West Yorkshire, very close to where Peter started his journey.
"Peter was a cultural icon and has always been an industry hero for me. I've sat in the throne before in Stringfellow's, but unfortunately I never had the opportunity to meet Peter." Mr Howard said he had gone "way over" his original maximum bid and could still not quite believe he had been the successful bidder.
"It was really a must-have for me, because he evoked so much of why I even became part of this industry," he added. Charles Hanson, owner of Hansons Auctioneers, said: "We are absolutely delighted for Chris. It's wonderful to know the throne will be treasured by someone inspired by Peter's entrepreneurial spirit and Yorkshire grit."
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