An analysis is performed of the three-particle Bose-Einstein (BE) correlation function in the process $e^{+}e^{-}\rightarrow Z\rightarrow {hadrons}$ with the L3 detector at LEP. The three-particle BE correlation function of like-charged pions and the contribution to this function due to two-particle BE correlations are measured. Genuine three-particle BE correlations are observed. In particular, using a non-Gaussian (Edgeworth) parametrization we find $\lambda=0.75\pm0.10\pm0.03$, measuring the strength of the correlations, and $R=0.72\pm 0.08\pm 0.03$ fm, measuring the effective source size in space-time. Combining this result with the measurement of two-particle BE correlations, we find that the data are consistent with a fully incoherent production mechanism of pions.