A rare bronze sculpture of children's favourite Peter Pan has gone under the hammer for £60,000, double its estimated value.

The figure is a smaller version of the Peter Pan statue which has attracted visitors to Kensington Gardens in London since it was erected there in secret in 1912.

Author J M Barrie commissioned the work by renowned sculptor Sir George Frampton, who cast it in 1920.

Valued at between £20,000 and £30,000, the figure was sold at Lyon and Turnbull in Edinburgh on Wednesday.

It attracted attention from bidders from around the world but was sold to a UK-based private collector for £60,000.

The buyer, who asked not to be named, said: "Peter Pan is one of the most magical characters of our childhood and it will take pride of place in my home."

John Mackie, director and head of decorative arts at Lyon and Turnbull, said: "This famous statue is held in great affection all over the world, it is the iconic image of the boy who never grew up and a very beautiful work of art.

"We are delighted with the price, we had interest from around the world with bidders on the telephone, online and in the saleroom, where competition to be the new owner was fierce."