A $1 million Picasso has sold for just $117
Yahoo • • entertainment
Key Points:
- A Pablo Picasso painting titled “Tête de Femme,” valued at over $1 million, was sold through a raffle for just 100 euros (~$117), with Ari Hodara from Paris winning the artwork.
- The raffle, “1 Picasso for 100 euros,” offered 120,000 tickets and raised funds for the Alzheimer’s Research Foundation, supporting clinical research on the disease in Europe.
- The painting, created in 1941 during World War II, reflects Picasso’s Cubist style and was donated by the Opera Gallery; proceeds from the raffle support humanitarian causes.
- Olivier Widmaier Picasso, the artist’s grandson, emphasized that the painting is undervalued and supported the initiative as a modern form of charity, allowing the winner full discretion over the artwork’s future.
- This raffle is the third edition of the campaign, with previous events raising funds for historic preservation and pandemic-related relief efforts.
