JMW Turner's Venice: The New Moon - The Dogana from the Steps of the Hotel Europa (1840) has sold for £962,500 ($1.6m) at Christie's London.
The lot crossed the block as part of the July 10 auction of Old Master & British Drawings & Watercolours.
One of around 150 watercolours painted on the artist's final visit to the city before his death, the work displays the artist's unparalleled eye for light.
Turner remains one of the most popular British artists of any era, his work regularly achieving seven and eight figure sums at auctions.
His record stands at £29.7m ($45.1m), set by his Modern Rome - Campo Vaccino in 2010.
More recently, his Palace of la Belle Gabrielle sold for £266,500 ($449,799) at Sotheby's sale of Old Master & British Drawings in London on July 9.
Turner's view of Rievaulx Abbey was another highlight, making £734,500 ($1.2m).
Other lots in the sale included an illustration of St Mary's Church in East Bergholt from the Grounds of West Lodge by John Constable, which made £170,500 ($292,067).
Drawings by Constable are highly sought after by collectors, with a set of seven small sketches auctioning for £44,000 ($73,766) in March of this year.
His view of London from Hampstead was the headline lot of Sotheby's Old Master sale on July 9, achieving £794,500 ($1.3m).
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