Paris– In just a few hours, one lucky winner will own a Pablo Picasso painting for less than $120.
A raffle in France is offering the chance to win a $1 million painting by a Spanish artist for the price of a 100 euro ticket ($117), with the proceeds going to Alzheimer’s Research. The draw will take place later on Tuesday at Christie’s auction house in Paris.
The third iteration of the “1 Picasso for 100 Euros” lottery is for Picasso’s “Head of a Woman”, the proceeds of which will go to Alzheimer’s Research.
Gouache on paper, painted by Picasso in 1941.
first raffle of its kind in 2013 saw A man from Pennsylvania who worked in the firefighting business Win “Man in the Opera Hat”, painted by the Spanish master in 1914 during his Cubist period.
The oil-on-canvas “Still Life” was launched in 2020 and greatly pleased the mother of Claudia Borgogno, an accountant in Italy, whose son bought a ticket for him As a Christmas gift.
Painted in 1921, that painting was purchased for the raffle from billionaire art collector David Nahmad, who argued in An Associated Press Interview That Picasso would have given approval for his work to proceed. picasso died in 1973.
The Alzheimer’s Research Foundation, organizer of the charity raffle, is based in one of Paris’ major public hospitals and says that since its founding in 2004 it has become France’s leading private financier of Alzheimer’s-related medical research.
The organizers’ online sales platform said the number of tickets for Tuesday’s draw had been limited to 120,000, meaning it could net 12 million euros ($14 million) if all tickets were sold.
Of that, 1 million euros will be paid to Opera Gallery, an international art dealership that owns the painting.
Organizers said the previous two Picasso raffles had raised a total of more than 10 million euros for cultural work in Lebanon and water and sanitation programs in Africa.
