When my "Bowl of Beauty" was a baby plant, its blooms looked much like yours (In my experience, the blooms on a Bowl of Beauty aren't cookie-cutter alike). See a similar photo at this link:

http://www.ruralni.gov.uk/print/index/crops/cut-flowers-foliage/cut-flowers-tech-projects/peonies_northern_ireland/bowl_of_beauty.htm

When my BoB plant matured, the blooms looked a lot bigger & lusher. I imagine you will have a better chance to ID once your plant begins maturing.

I thought about BoB, but this flower seems to be too pale for BoB. Can young plant produce paler blooms?

As I was browsing online, I came across a peony photo that reminded me of yours at this link:
http://www.peonygarden.com/GARDEN%20HERBACEOUS%20PEONIES/constance_325.htm