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Paris Raffle Awards €1 Million Picasso to €100 Ticket Holder

Most of the €12 million raised goes to Alzheimer research.

Overview

  • The charity raffle, which held a notarized draw Tuesday at Christie's Paris, named Ari Hodara the winner with ticket number 94,715.
  • Organizers sold 120,000 tickets at €100 each, raising about €12 million, with €1 million paying Opera Gallery for the painting and the remainder committed to Fondation Recherche Alzheimer.
  • The prize is Picasso's 1941 gouache Tête de femme, a portrait of Dora Maar that Opera Gallery provided at a preferential price.
  • Hodara said he discovered the campaign by chance over the weekend and the painting will stay at Christie's for now as he considers whether to keep it.
  • Organizers emphasized transparency with a livestreamed draw before a notary and cited support from Picasso's heirs on the work's authenticity, in the third '1Picasso100euros' edition after earlier fundraisers for Lebanon and Africa.