The spectacular landscape of Salthouse Dock, Liverpool, made by John Atkinson Grimshaw is reported to have fetched a price of £185,000 at auction.
The painting bought 50 years ago for less than £100 by a couple from Northumberland. The painting has been bought by a dealer in London's Burlington Arcade.
The painting was expected to grab an amount of over £100,000 when it entered the auction arena at a saleroom in Alnwick on Sunday.
The painting was purchased by a private collector based in London. The art piece was bought for £180,000 in 1892 by Leeds-born Grimshaw, who had initiated with his career as a railway clerk diverting to this field.
Grimshaw had soon fetched a huge name for such oil on canvas paintings.
"It is a picture of quality with a fantastic provenance and I knew it would have dealers and private collectors fighting to own it”, posted auctioneer Jim Railton. "Such paintings rarely come onto the market and this one literally attracted world-wide interest. The atmosphere in the saleroom was electric".
The beautiful painting flaunts figures and carriages on the wide cobbled road of the dock, moored by huge ships, alongside inquisitive gas lamps shining on the pavements and shops.