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Streeton masterpiece sells for more than $1.8 million

Smith and Singer's Geoffrey Smith billed the painting as a highly significant Streeton work. (James Ross/AAP PHOTOS)

A masterpiece by Australian impressionist Arthur Streeton not seen by the public for 130 years has beaten expectations to sell for more than $1.875 million.

The 1894 oil painting Sunlight at the Camp 1894 went on show in Melbourne earlier in April ahead of an auction in Sydney on Wednesday, when it was expected to fetch up to $1.5 million.

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