US EditionFrance raffle offers a $1M Picasso for a 100 euro ticket to raise money for Alzheimer’s research
Tickets are capped at 120,000, and organizers say the raffle could raise up to 12 million euros for Alzheimer’s research.
- 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.
124 Articles
124 Articles
A lot, a lucky hit: an engineer from Paris wins a million-dollar painting by Pablo Picasso in a charity lottery. The benefit campaign has a tradition – Picasso works were already raffled in 2013 and 2020.
Stunned Frenchman wins US$1 million Picasso with US$117 raffle ticket
A Parisian man could not believe his luck on Tuesday when he found out he had won a Pablo Picasso painting worth US$1 million with a US$117 raffle ticket. “How do I check that it’s not a hoax?” said Ari Hodara, 58, after organisers called him following the draw at Christie’s auction house in the French capital. Hodara described himself as an art amateur fond of Picasso and said he bought his ticket over the weekend after finding out about the ch…
A total of 120,000 tickets were sold. The vast majority of the proceeds go to Alzheimer's research.
Coverage Details
Bias Distribution
- 55% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
