Lytham, by LS Lowry, went under the hammer at auctioneers Christie’s.
According to the auction house, the artwork was the only Lowry painting which ever slightly interested Lowry’s mother, Elizabeth. He kept the image hanging on his bedroom wall until he died in 1976.
A spokesman for auctioneers Christie’s said: “Lytham was where Lowry spent most of his Easter holidays as a child.
“In fact, the only painting that Elizabeth Lowry, the artist’s mother, ever gave the slightest recognition to was one of his paintings of yachts at Lytham.”
The artwork, painted in 1946, was expected to sell for between £70,000 to £100,000 on June 26 at the London auction house.
The artist has painted a number of pictures of the town.
A similar Lytham painting called Country Road, Lytham, was once owned by the late millionaire restaurateur and caterer, Lord Forte and sold at Christie’s in 2011 for more than £300,000.
The current world auction record for a Lowry work is £5.6m, the sum paid at Christie’s in London on May, 2011, for his oil painting, Going To The Match.
No details of the buyer were released by the auction house.