Picasso painting will be raffled off in Paris in April
Share and Follow

Why plan an elaborate heist when you can acquire a masterpiece in a much simpler way? An upcoming charity auction offers a unique opportunity to win a Pablo Picasso painting worth an estimated $1.1 million, with raffle tickets priced at just $117.

The event aims to sell about 120,000 tickets globally. Those interested can purchase tickets through the Fondation Recherche Alzheimer, the French research organization orchestrating the raffle on April 14 at Christie’s in Paris. Participants will also have the option to join the event online.

Security measures will be in place to ensure a smooth and fair drawing.

The coveted artwork in question is Picasso’s “Tête de Femme,” a gouache-on-paper portrait created in 1941. This piece holds historical significance, as it was painted during a tumultuous period in Picasso’s relationship with his first wife, as noted by Artsy.

The artwork to be raffled is Picasso’s 1941 “Tête de Femme,” a gouache-on-paper portrait painted during a difficult time between the artist and his first wife, according to Artsy.

Peri Cochin, a friend of Olivier Picasso, Picasso’s grandson, helped the foundation secure the portrait from the Opera Gallery for $1.1 million, according to the New York Times.

The foundation plans to pay for the art using the ticket revenue and says it will still make more than $12 million afterward.

If not enough tickets are sold to cover the cost, the auction will be called off, and all ticket-holders will be reimbursed, the foundation said.

“Associating the name of Pablo Picasso to charity, a charitable purpose, is very important because my grandfather was very generous with the people around him,” Oliver Picasso told the Times.

He said he believes the portrait was painted in the same Paris studio that his grandfather worked on one of his most famous paintings, “Guernica.”

Cochin has helped organize two other Picasso raffles, one in 2013 and the other 2020. Last time, an accountant from Italy was gifted the winning ticket by her son for Christmas.

Share and Follow
You May Also Like
Noem says Trump administration is 'on offense,' using 'every single tool that we have' to protect Americans

Kristi Noem Highlights Trump’s Strategic Efforts to Safeguard American Interests

Homeland Security Secretary Kristi Noem announced on Thursday that the Trump administration…
Hundreds of human skulls, infant remains are found in house of horrors

Authorities Discover Hundreds of Human Skulls and Infant Remains in Disturbing Investigation

Authorities have uncovered a chilling scene in the home of a Pennsylvania…
ICE agent who shot Renee Good three times in the face is named

ICE Agent Identified in Controversial Shooting of Renee Good: Investigation Underway

The identity of the ICE agent involved in the fatal shooting of…
Restaurant owner explodes at reviewer for saying food wasn't spicy

Restaurant Owner Fires Back at Critic Over ‘Not Spicy Enough’ Review

For some, a touch of heat in their meal is essential, while…
Pajama bottoms recalled over flammability hazard

Urgent Recall: Popular Pajama Bottoms Pulled from Shelves Due to Flammability Risk

The pajama pants and shorts in question were available for purchase at…
Minneapolis ICE shooting: Illinois Governor JB Pritzker calls for DHS Secretary Kristi Noem to resign, Chicago groups speak out

Illinois Governor Demands DHS Secretary’s Resignation Amid Minneapolis ICE Shooting Outcry

Illinois Governor JB Pritzker has added his voice to the growing criticism…
Portland agitators clash with police after 2 shot by federal immigration agent

Portland Erupts: Intense Standoff with Police After Federal Agent’s Gunfire Sparks Outrage

In Portland, Oregon, tensions flared on Thursday night as protestors faced off…
Minneapolis protesters confront federal agents day after deadly shooting

Governor Walz Mobilizes National Guard After Fatal ICE Incident Shakes Minneapolis

On Thursday, Minnesota Governor Tim Walz took the decisive step of mobilizing…