"The auction series 1 Picasso for 100 Euros is back for the third time since 2013, raffling an original Picasso work for €100 (~$117) a ticket to support a charitable organization. This year, Picasso's "Tête de Femme (Head of a Woman)" (1941), a gouache on paper, will be up for sale to benefit research at the Fondation Recherche Alzheimer, France's leading Alzheimer's research organization. The artwork is estimated to be worth €1 million (~$1.17 million)."
"Proceeds from the competition will fund the expansion of research centers for the foundation, which was established in 2004 and supports clinical research across 40 institutions in France and Europe, including projects seeking to identify risk factors of the disease. The winner of the small painting - which measures about 15 1/3 x 10 inches (38.9 x 25.4 cm) - will be drawn from a pool of up to 120,000 tickets on April 14 at Christie's in Paris."
The 1 Picasso for 100 Euros auction series offers an original Picasso work for €100 per ticket to raise funds for charitable causes. The 1941 gouache on paper Tête de Femme is estimated at €1 million and will benefit Fondation Recherche Alzheimer to support expansion of research centers and clinical research across 40 institutions in France and Europe. The small painting measures about 15 1/3 x 10 inches and will be drawn from up to 120,000 tickets on April 14 at Christie's in Paris. Previous raffle winners funded heritage restoration and well rehabilitation projects.
Read at Hyperallergic
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