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2mo ago

Paris Engineer Wins Picasso in €100 Charity Raffle

Most proceeds go to a Paris Alzheimer research foundation, with €1 million allocated to Opera Gallery.

Peri Cochin, Mitbegründerin der Aktion „1 Picasso für 100 Euro“ posiert in Paris neben dem 1941 gemalten „Kopf einer Frau“ von Pablo Picasso, bevor das Gemälde verlost wurde
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Overview

  • The live draw at Christie's in Paris on Tuesday named 58-year-old Ari Hodara the winner of Picasso's 1941 gouache 'Tête de Femme'.
  • Organizers said they sold 120,000 tickets at €100 each, sending the balance to Alzheimer research after a €1 million payment to the work's owner, Opera Gallery.
  • News outlets differ on the painting's market value, with estimates ranging from about €850,000 to more than €1 million.
  • Ticket sales to people in Germany were stopped during the campaign at the request of the Joint German Gambling Authority, highlighting cross-border rules for online raffles.
  • This was the third '1 Picasso for €100' fundraiser, after 2013 and 2020 editions that raised over €10 million for cultural and water projects and produced winners in the United States and Italy.