Francis Bacon's painting of his friend, Lucian Freud, fetched 42,405,000 US dollars (£89,609,283) after just six minutes of bidding in New York.
Auction house Christie's did not reveal the name of the successful buyer.
The British artist's Three Studies of Lucian Freud is a three-panelled painting created in 1969, depicting the German artist sitting on a chair from three different angles.
Francis Bacon was an Irish-born British figurative painter. He was best known for his bold and sometimes graphic imagery.He died in 1992
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