PHOTOS - A slideshow of the art work of Irish artist Francis Bacon

A triptych painting by Irish emigrant artist Francis Bacon fetched a world record price of $142.4 million at an auction in New York on Tuesday night.

Bacon, a Dublin native born into an Anglo-Irish family in Dublin in 1909, also lived in Counties Laois and Kildare before moving to London at the age of 15, in 1924, after his father disowned him because he was gay.

The triptych (three images painting), from 1969, is of his friend and sometime rival Lucian Freud sitting on a wooden chair.

It was sold at Christie’s auction house after a frenzied bidding process between seven super-rich bidders.

Christie’s had originally valued the painting at $87 million. It surpasses the recent sale of Edward Munch’s “The Scream,” which sold for $112 million in 2012.

The buyer was not identified but the painting was purchased by New York agent William Acquavella.

“I went to $101 million but it hardly mattered,”  Larry Gagosian, the super-dealer told The New York Times.

Gyu Shin, the director of the Shin Gallery, on Grand Street in Manhattan, told the Times he had bid for himself.

“I was expecting it to go for around $87 million...I loved that painting and I couldn’t control myself,” he said.

“Maybe someday I’ll have another chance.”

Super agent Michael Ovitz was said to be among those who was bidding for the painting. He was present during at the auction at Christie's midtown salesroom.

PHOTOS - A slideshow of the art work of Irish artist Francis Bacon

Once described by Margaret Thatcher as “the man who paints those dreadful pictures,” Bacon’s bleak view on life was often ascribed to his hard upbringing in Ireland, where his father once had him allegedly horsewhipped because he suspected he was gay.

He was born in 63 Lower Baggot Street, Dublin, the son of an Australian-born Boer War veteran and a Sheffield steel heiress.

He was raised by a child nanny, Jessica Lightfoot, who became a major figure in his life.

Bacon was sent to live with his grandparents in Abbeyleix, County Laois, after World  War I though the family soon moved to Straffan, in County Kildare.

His love of dressing up and effeminate demeanor intensely irritated his father who had Francis horsewhipped by his groom.

In 1924, at age 15, Bacon moved to Britain after his father threw him out of his house after finding him posed before a mirror in his mother’s underwear.

In Britain he advertised himself as a “gentleman’s companion” and had a series of relationships with older men.

In 1933 he painted his first masterpiece “The Crucifixion.” He was unapologetically gay at a time when such behavior was usually closeted. He also loved to gamble, running several London gambling houses at one point.

Following his death in 1992 his paintings began to soar dramatically in price.

In 1998 the director of the Hugh Lane Gallery in Dublin secured the donation of the contents of Bacon's chaotic London studio for the Hugh Lane Gallery in Dublin.

PHOTOS - A slideshow of the art work of Irish artist Francis Bacon

Francis Bacon at the Tate, 1985.Ray Roberts/Rex Features