Leonard J Brown said it was "to show people that money isn't the only way to make you happy".
He said his inspiration was seeing an old lady carrying a large number of bags in Hull, where he now lives.
The sculpture took six months to complete and the process began with the artist first having to negotiate with the Bank of England to get the used notes.
Friday, September 19, 2014
Eleanor Rigby sculpture created from 1 million pound notes
A Liverpool artist has created a life-size version of Beatles' song character "Eleanor Rigby" from 1 million pound notes.