In a recent study, some 130 new weak-line T Tauri stars (WTTS) have been discovered in the Lupus star forming region (SFR). Some of these stars are seen projected onto regions of high obscuration, while others are located far from the Lupus dark clouds. In this paper we present photometric observations of a large sample of these WTTS. We estimate effective temperatures and luminosities for the stars observed, and derive masses and ages by comparison with theoretical evolutionary tracks. The photometric observations were performed at the ESO 1 m-Telescope during two observing runs in 1993 (March 10-12) and 1994 (May 1-6) at ESO, La Silla. The typical standard deviations are 0.01mag in V, 0.02mag in B-V, 0.04mag in U-B, 0.01 in V-R and V-I. For a description of the UBV, (RI)c and JHKL photometric systems, see e.g. <GCPD/01>, <GCPD/54> and <GCPD/09>