Pablo Picasso Watercolors: Auction Prices

Spanish · 1881–1973

ArtSell has recorded 8 auction results for Pablo Picasso watercolors between 2004 and 2026, of which 6 sold (75% sell-through). Prices realised range from $42,788 to $411,576, with a median of $204,755 across 6 priced sales (USD at the sale-date rate). A further 1 lot offered at auction whose result the house did not publish is listed but not counted. The highest recorded price is $411,576 for “Nus” at Lempertz in 2025.

Record: Nus — $411,576Sign up free to see

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All watercolors results

1. 
   Études de personnages, Ca. 1904/05

   Watercolor

   24.8 x 32.1 cm (9.7 x 12.6 in)

   Ketterer Kunst · Jun 12, 2026 · Lot 22
   €103,200≈ $119,371≈ £89,070Price realizedSign up free to seeEst. €120,000–View at Ketterer Kunst ↗
2. 
   Nus, 1972

   Watercolor · Paper

   59.5 x 75.9 cm

   Lempertz · Dec 4, 2025 · Lot 21
   €352,800≈ $411,576≈ £308,528Price realizedSign up free to seeEst. €200,000–300,000View at Lempertz ↗
3. 
   Sérénade, 1919

   Watercolor · Paper

   27,5x20,5 cm

   Piguet Hôtel des Ventes · Jun 19, 2025 · Lot 42
   CHF 35,000≈ $42,788≈ £31,838≈ €37,278HammerSign up free to seeEst. CHF 20,000–30,000View at Piguet Hôtel des Ventes ↗
4. 
   Saltimbanque et jeune fille, 1905

   Watercolor

   29,4 x 19,1 cm

   Kornfeld · Sep 17, 2021 · Lot 126
   Unsold / did not meet reserveEst. CHF 450,000–View at Kornfeld ↗
5. 
   Saltimbanque en costume rouge“. 1923 (?)

   Watercolor

   32 × 24,4 cm

   Grisebach · May 30, 2019 · Lot 6
   €150,000≈ $167,010≈ £132,264Price realizedSign up free to seeEst. €120,000–150,000View at Grisebach ↗
6. 
   Tête de faune barbu, 1946

   Watercolor · Paper

   66x50,3 cm

   Farsettiarte · Nov 28, 2015 · Lot 571
   Result not publishedEst. €290,000–390,000View at Farsettiarte ↗
7. 
   Jeune Fille. Verso: Étude pour Saltimbanque, 1905

   Watercolor · Paper

   14.4 x 16.9 cm (single sheet each approx. 14.4 x 7.5 cm)

   Lempertz · May 29, 2015 · Lot 231
   Unsold / did not meet reserveEst. €150,000–160,000View at Lempertz ↗
8. 
   Nature Morte au Gramophone, 1908-1909

   Watercolor · Paper

   9¼ h x 7 w in (23 x 18 cm)

   Wright · Apr 25, 2013 · Lot 2
   $242,500≈ £156,806≈ €185,398Price realizedSign up free to seeEst. $200,000–View at Wright ↗
9. 
   Saltimbanque et jeune fille

   Watercolor

   29,7 x 19,2 cm

   Lempertz · Dec 5, 2004 · Lot 1249
   €190,400≈ $253,232≈ £130,398Price realizedSign up free to seeEst. €150,000–200,000View at Lempertz ↗

Other media by Pablo Picasso

PaintingsWorks on PaperPrintsPhotographsSculptureOil PaintingsMixed MediaGouachesPastelsDrawingsEtchingsEngravingsAquatintsDrypointsLithographsScreenprintsWoodcuts & LinocutsMultiples

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