Frenchman Wins €1 Million Picasso Painting in Charity Raffle for Alzheimer's Research

Entertainment

Frenchman Wins €1 Million Picasso Painting in Charity Raffle for Alzheimer's Research

1 hour ago

News sources:

REUTERS

SCMP

BBC

Frenchman Wins €1 Million Picasso Painting in Charity Raffle for Alzheimer's Research

Credited from: BBC

Ari Hodara, a Parisian, won a Picasso painting valued at €1 million.
The charity raffle raised approximately €12 million for Alzheimer’s research.
This year's prize was Picasso's "Head of a Woman," painted in 1941.
All 120,000 raffle tickets were sold, a first in the event's history.
The raffle aims to promote art and fund medical research since its inception in 2013.

Ari Hodara, a 58-year-old engineer, unexpectedly became the owner of a Picasso painting valued over €1 million after winning a charity raffle on Tuesday in Paris. Hodara, who was initially skeptical about the call from Christie's auction house, expressed his disbelief, saying, "How do I know this isn't a prank?" He purchased the winning ticket for €100 after learning about the raffle while dining in a restaurant, according to Reuters, SCMP, and BBC.

The third edition of the "1 Picasso for 100 euros" raffle distributed all 120,000 tickets, a first in its history, raising around €12 million for the Alzheimer's Research Foundation. This year's prize was "Tête de Femme" (Head of a Woman), a gouache-on-paper portrait painted by Picasso in 1941, which features his muse, Dora Maar. Organizers highlighted the importance of the event, stating that funds raised will significantly contribute to Alzheimer's research, as mentioned by Reuters, SCMP, and BBC.

Reuters, SCMP, and BBC.