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Paris Engineer Wins Picasso in €100 Raffle for Alzheimer’s Research

The sold-out €100-per-ticket raffle directs about €11 million to France’s Alzheimer’s research foundation.

Image
Peri Cochin, co-founder of the "1 Picasso for 100 euros" poses next to Head of a Woman by Pablo Picasso, painted in 1941, in Paris, Friday, April 10, 2026, ahead of a lottery in which the painting is being raffled off to raise money for Alzheimer’s research. (AP Photo/Michel Euler)
People look at the Head of a Woman by Pablo Picasso, painted in 1941, in Paris, Friday, April 10, 2026, ahead of a lottery in which the painting is being raffled off to raise money for Alzheimer’s research (AP Photo/Michel Euler)
The painting "Tete de femme (1941)" by Spanish painter Pablo Picasso is displayed before the charity raffle official draw to announce the winner of this Picasso painting for 100 euros at Christie's auction house in Paris, France, April 14, 2026. REUTERS/Tom Nicholson

Overview

  • Ari Hodara, a Paris-based engineer, won Picasso’s 1941 Tête de Femme on Tuesday in a livestreamed draw at Christie’s in Paris.
  • Organizers sold all 120,000 tickets at €100 each, raising €12 million with €1 million going to Opera Gallery and about €11 million earmarked for Fondation Recherche Alzheimer.
  • The prize is a gouache-on-paper portrait of Dora Maar provided by Opera Gallery, which the gallery says carries a public price of €1.45 million.
  • This was the third “1 Picasso for 100 euros” raffle led by Péri Cochin with support from Picasso’s family, following editions in 2013 and 2020 that raised millions for projects in Lebanon and Africa.
  • The foundation, a leading private backer of Alzheimer’s research in France, says the new funding will strengthen studies at its Paris hospital base.