I did a quick search to see if I could find anything more, which led me to this from the Sydney Morning Herald:"Freud adored antiquity and despised modern art in equal measure. Yet Freud was a contemporary to Austrian art's greatest era when Gustav Klimt, Egon Schiele, and Oskar Kokoschka were producing innovative work in Vienna. ... The surrealists insisted that Freud was their patron saint while he regarded them as 'complete fools'." Mmm....
Guardian article on Freud's Art Collection
Sydney Morning Herald article on Freud and Art
Profile of Sigmund Freud
Quotes from Freud
Freud's grandson: the painter Lucian Freud