The Motorhead frontman was a regular at the Rainbow Bar & Grill in Los Angeles and owners of the venue celebrated his life by holding a memorial event in January, weeks after his death in December, reported Contactmusic.
Lemmy is set to be immortalised as a life-size bronze statue, in the patio area near the bar, by sculptor Travis Moore, who has waived his usual fee.
A crowdfunding page was created on Youcaring.Com to raise money for the materials and has since raised more than 13,800 pound.
Lemmy died days after his 70th birthday following a battle with an aggressive form of cancer.
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