A Picasso portrait valued at over €1 million is available through a €100 charity raffle, supporting Alzheimer’s research. The draw occurs on April 14, and if ticket sales are insufficient, participants will receive refunds.
€1 million Picasso portrait available
Tickets cost €100 each
Funds support Alzheimer’s research
Goal to sell 120,000 tickets
Draw at Christie's in Paris
Olivier Picasso supports the initiative
Previous raffles raised €10 million
In a unique charity initiative, anyone can win a Picasso painting valued at over €1 million by buying a €100 ticket. This opportunity supports the Alzheimer’s Research Foundation.
Picasso Painting Details and Purpose
The French charity Alzheimer’s Research Foundation announced the raffle of Picasso’s 1941 portrait, Tête de femme. Proceeds will aid Alzheimer’s research, a major cause of mortality and disability globally.
Olivier Picasso, the artist’s grandson, expressed support for the project, stating that it aligns with his grandfather’s philanthropic legacy. He hopes to make this an annual event.
Raffle Structure and Expectations
The project is orchestrated by Péri Cochin, a producer who envisioned a worldwide raffle. The goal is to sell 120,000 tickets, generating €11 million for research, with the draw scheduled for April 14.
If not enough tickets are sold, all participants will receive refunds. Cochin aims to give Picasso’s art a charitable angle while providing affordable access to an iconic piece.
Historical Context of the Painting
Tête de femme was painted in the same studio as Picasso’s famous Guernica. The period of creation was marked by personal and political turmoil for the artist.
Cochin previously organized successful raffles for Picasso’s works, raising over €10 million. Past winners include Jeffrey Gonano and Claudia Borgogno, both significantly affected by their winnings.
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