It was painted by Lilliesleaf artist Rob Hain in 2004 and at the instigation of community councillor Alistair Pattullo a public subscription fund was raised to buy the artwork for the town.

The painting now hangs in the committee room of the Victoria Halls.

Last week – as the artist looked on – it was handed over to Councillor Vicky Davidson who chairs the Common Good Working Group.

Rob has retained the right to sell prints but local groups can benefit by using the image on t-shirts, mugs, mouse mats and other promotional items. Scott’s Selkirk has already raised cash by using it on greetings cards.

Alistair said at the handover: “This painting will be held and cared for on behalf of the people of Selkirk, in perpetuity.

“It is already a historical snapshot of our ancient Market Place because change happens all the time. Since it was painted the Post Office has closed, the Cross Keys has, hopefully temporarily, also closed. But on a more positive note the Ettrick Forest Bookshop has opened. So it’s not just for us, now, that this painting is special – I hope it will be special for those who come after us and that people will be able to stand in the 22nd century, look at this painting and mark the changes.”

Any group wanting to use the image should contact the community council to ensure it is only used on good standard products.