The painting of Bruce Bernard, a noted photographer who was part of Soho's artistic bohemia, attracted international bidding Wednesday night, The Telegraph reported Thursday.
The unknown buyer paid nearly four times the previous record for a work by Freud -- the previous high being just over $8 million for "Red-haired Man on a Chair" -- the British newspaper said.
The price also surpassed the previous record for a living European artist of $11.5 million for Peter Doig's "White Canoe."
Sixteen pieces by Andy Warhol were also sold during the auction, going for about $148 million.
2014: The Year in Music [PHOTOS]