How much?: Picasso painting being sold off for only €100
A classic Pablo Picasso painting is being sold off in France as part of a raffle, with hopeful entrants in with the chance of winning the piece for the equivalent of less than £100.
The 1941 portrait, titled Tête de Femme (Head of a Woman), is being sold off at Christie’s in Paris, where one lucky winner could take home the fine art if they are drawn from the raffle, with a ticket costing them only €100, the equivalent of £87.
The organisers of the raffle have said that the number of tickets being sold will be limited to 120,000, meaning that a total profit of €12million could be made from the sale.
Proceeds from the event will be split between a number of charities, including the Opera Gallery, which owns the painting, and the Alzheimer’s Research Foundation in Paris.
The ‘1 Picasso for €100’ raffle has been running sporadically since 2013, when a person from Pennsylvania won the 1914 cubist work Man in the Opera Hat in its inaugural year, according to The Guardian.
The second raffle took place in 2020, with the oil on canvas piece Nature Morte being won by a woman from Italy who was given the raffle ticket as a Christmas present.
However, the auction comes just months after another Picasso work, Still Life with Guitar, went missing while en route from Madrid to Granada in Spain to be displayed in a new exhibition.
Spanish police opened an investigation into the case in October, but it later transpired that the piece had been left behind in Madrid by the transportation crew and was subsequently recovered.
Tête de Femme will remain on display at Christie’s in Paris on April 13th, before the raffle is drawn at 6pm local time at the venue on April 14th.
