Bacon’s portrait of Freud sells for over €100m

A Francis Bacon portrait of his friend and fellow painter Lucian Freud has become the most valuable work of art ever sold at auction — fetching over $142m (€105.5m) in just six minutes of frantic bidding.

The work went for $142,405,000 at the sale in New York.

The three-panelled painting, called Three Studies of Lucian Freud, depicts the German-born British artist sitting on a chair from three different angles and has never been offered for sale before.