"The raffle organisers' online sales platform says the number of tickets will be capped at 120,000, meaning the draw could net 12m if they are all sold."
"From the proceeds, 1m will be paid to the Opera Gallery, an international art dealership that owns the painting."
"Picasso was very generous. He gave paintings to his driver, his tailor, Nahmad said. He wanted his art to be collected by all kinds of people, not only by the super-rich."
A raffle in France allows participants to win a Picasso portrait for 100 euros, with proceeds supporting Alzheimer's research. The painting, Tete de Femme, was created in 1941. The ticket sales are capped at 120,000, potentially raising 12 million euros. One million euros will go to the Opera Gallery, which owns the painting. Previous raffles of Picasso works have raised over 10 million euros for various causes. The draw will take place at Christie's auction house in Paris.
Read at www.theguardian.com
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