Christie's Stephen Ongpin Auction Totals $3.32m
3 min read · 03 Jul 2026
Le Peintre et son modèle by Pablo Picasso sold for $672,300. Image courtesy of Christie's
A work by Pablo Picasso was the headline sale at Christie's 'Lines of Vision: Celebrating 20 Years of Stephen Ongpin Fine Art' auction on July 2 in London.
- The sale totaled $3.32m (GBP2.51m), meeting the pre-sale estimate.
Snapshot of the sale
- 91 works sold totaling $3.32m.
- Estimates totaled: $2.25m (low) and $3.39m (high), excluding premiums.
- The sell-through rate was 92% of the original 99 lots announced.
The star lot was: Pablo Picasso, Le Peintre et son modèle (1970), which sold for $672,300, 318% above its $160,600 low estimate. It has been traded 3 times in the past.
Design for the Poster for the 19th Annual Exhibition of the Société des Aquarellistes Français, Paris 1897 by Louis Maurice Boutet De Monvel sold for $4,706 (402% above estimate). Image courtesy of Christie's
The outperformer sold for 402% above its low estimate. Louis Maurice Boutet De Monvel, Design for the Poster for the 19th Annual Exhibition of the Société des Aquarellistes Français, Paris 1897 (Undated), sold for $4,706 ($937 low estimate). It has been traded twice in the past.
- 37 works, or 41%, sold above their high estimate.
- 30 works, or 33%, sold within their low and high estimate.
- 24 works, or 26%, sold below their low estimate.
- 0 sold with undisclosed estimates.
Guaranteed sales
No sales had a guarantee.
Works that did not sell
8 works were bought-in, including: Theodore Gericault, The plaster-maker’s horse (Le cheval du plâtrier) (recto); Sketch of horses and figures (verso) (Undated), estimated at $40,200 (low) to $66,900 (high). It has been traded twice in the past.
Withdrawn before the sale
0 works were withdrawn
Terms and definitions
All results include the fees and premiums added to the price of a work of art when the auctioneer's hammer falls. Estimates, sale prices and totals are converted into US dollars. Sale prices are compared to the auction house’s low estimate, which do not include premiums.
Guarantees: Sometimes an auction house guarantees to pay a seller for a work, regardless of whether the bidding reaches the reserve price, a figure that is typically confidential.
Bought-in: If there are no bids for a work, or if bidding falls short of the reserve price, the lot is unsold or “bought-in”.
Withdrawn: This happens when a seller decides, for whatever reason, to withdraw a work before the bidding begins.
Premiums: Typically a sliding-scale of charges paid in addition to the hammer price by the buyer, plus any other fees.
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