The price has broken the world auction record for the Victorian artist William James Webbe, who painted the picture in 1856.
His works rarely appear on the market and the highest price paid for one until last week was just 72,000 pounds, the 'Daily Mail' reported.
"It was such a shock. We were not imagining that in our wildest dreams," art teacher, Jane Cordery, 66, said of the sale price.
She stumbled across the picture during a clear-out at her home in Basingstoke, Hampshire, helped by her 69-year-old partner, James Ravenscroft, and their three grown-up children.
The battered painting emerged from mounds of clothes, books and toys as the family made space around some pipes for a plumber.
It turned out to be a picture that had been exhibited at the Royal Academy in 1856 when renowned critic of the time John Ruskin admired the softness of the bird's feathers as "perhaps inimitable".
Ravenscroft, who runs a rubber-recycling company, had long ago forgotten receiving the painting as a gift from his mother.
Cordery emailed a photograph of the owl to Christie's, where expert Brandon Lindberg immediately saw its potential and the work was valued at 70,000 pounds.
"I thought the picture had magic but there wasn't anything to support a price stronger than we'd suggested in the estimate. Everyone seemed to fall under its spell," Cordery said.
The painting was bought by an anonymous British dealer.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
