Abram Arkhipov's Peasant Woman in a Red Dress has realised £905,000 ($1.3m) in a sale of Russian paintings and works on paper at Sotheby's London.
It beat its estimate of £250,000 ($376,313) by 262%.
The piece is typical of Arkhipov's later work, which focuses on working class Russian women. He was a key member of the influential collective known as the Wanderers.
The auction house explains: "Arkhipov's portraits from the 1920s provide a stark contrast to his earlier genre work, showing an idealised image of Russian peasant life.
"With her red cheeks and confident smile, the sitter of the present work is a world apart from the washerwomen the artist had painted two decades earlier.
"Peasant Woman in a Red Dress bears all the hallmarks of Arkhipov's technique, such as the heavy impasto which is juxtaposed with areas of blank canvas, in places revealing the charcoal underdrawing."
Ivan Konstantinovich Aivazovsky's View from Cap Martin with Monaco in the Distance sold for £545,000 ($822,787).
Aivazovsky was a hugely popular painter of seascapes who was well regarded in his own lifetime.
His record stands at $5.2m, set for his View of Constantinople and the Bosporus at Sotheby's in 2012.
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