Picasso painting being raffled off for just $117

A Pablo Picasso painting valued at $1.1 million will be handed over to a lucky raffle winner at an upcoming Alzheimer research charity fundraiser — and tickets will only cost around $117. About 120,000 tickets to the event will be sold worldwide, and they must be bought through the Fondation Recherche Alzheimer, the French research foundation hosting the raffle April 14 at Christie’s in Paris. The artwork to be raffled is Picasso’s 1941 “Tête de Femme,” a gouache-on-paper portrait painted during a difficult time between the artist and his first wife, according to Artsy. Peri Cochin, a friend of Olivier Picasso, Picasso’s grandson, helped the foundation secure the portrait from the Opera Gallery for $1.1 million, according to the New York Times.