The residency celebrates the legacy of the Ballets Russes alongside the company's own Beyond Ballets Russes season, which will be performed at the London Coliseum next spring.
Picasso worked closely with the Ballets Russes from 1916 and designed several ballets including Parade and Pulcinella.
As an example, Stephens played an audio clip from 1949 of a ranting Sir Alfred Munnings, the horse-painting president of the Royal Academy, addressing the academy's annual banquet – a dinner deemed so important it was broadcast live on the BBC.
In a possibly drink-lubricated address, Munnings talked of a "foolish interruption" to art "helped by foolish men writing on the press, encouraging all this damned nonsense". He invoked the support of Winston Churchill, sitting beside him, who once asked him: "Alfred, if you met Picasso coming down the street would you join me in kicking his ... something, something?" "And I said 'Yes, sir! Yes I would!' "