Update | Round Two in the Lehman Art Auction

BY Paul Solman  September 29, 2010 at 5:19 PM EDT

The Lehman art auction, part II, took place today at Christie’s in London. Several works we covered in our popular slide show sampler of the auction — Lucian (grandson of Sigmund) Freud’s portrait etching and Gary Hume’s “Madonna” — were on the block.

The Freud just about tripled its pre-auction estimate of $12,400 – $18,600, going for more than $45,000.

The Hume came in near the top of its estimate range of $80k-$120k, bringing in $115,000.

This auction round brought in $2.6 million to help pay back the fallen financial institution’s creditors. The first auction, at Sotheby’s in New York on Saturday, brought in over $12 million. You can view a video of some of the more illustrious works from the Sotheby’s auction, including commentary from Paul and how much they went for, here.

Follow Paul on Twitter at @PaulSolman.