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A $1 Million Picasso Is Due to Be Sold for Just $116
Organizers say 120,000 tickets could raise $14 million for Alzheimer’s research, with proceeds from the raffle also paying the painting’s owner.
- On Tuesday, Christie's in Paris will host the draw for a 1941 Picasso gouache titled "Tête de Femme," with ticket proceeds supporting the Alzheimer Research Foundation.
- Based in a leading Paris public hospital, the Alzheimer Research Foundation organized this initiative to fund medical research, aiming to sell up to 120,000 tickets at $117 each.
- Valued at $1.17 million, the artwork offers participants a chance to win a Picasso for a single ticket. If all 120,000 tickets sell, the raffle could net $14 million.
- Organizers say two previous Picasso raffles raised more than $11 million for cultural work in Lebanon and water and hygiene programs in Africa, demonstrating the model's track record.
- Since Monday, the painting has been on display at Christie's galleries. From the proceeds, $1.17 million will be paid to the Opera Gallery, which owns the piece.
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For the price of a dinner in Paris, someone will soon take home a Picasso valued at more than US$ 1 million. The draw “1 Picasso for 100 euros” offers participants the opportunity to win the artist’s gouache (water-based painting) entitled “Tête de Femme”, carried out in 1941. The ticket price is – as the name of the contest suggests – 100 euros, that is, about US$ 116. A total of 120,000 tickets have been put on sale for the draw to be held on …
Raffle Offers a Picasso for 100 Euros to Fund Alzheimer's Research
(MedPage Today) -- Are you feeling lucky? A raffle in France is offering the chance to win a portrait by Pablo Picasso for the price of a 100-euro ($117) ticket, with proceeds going to Alzheimer's research. The draw is on Tuesday at Christie's...
·New York, United States
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Total News Sources43
Leaning Left10Leaning Right3Center27Last UpdatedBias Distribution68% Center
Bias Distribution
- 68% of the sources are Center
68% Center
L 25%
C 68%
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