Picasso painting worth millions will be raffled off for 100 euros

Millions for Alzheimer’s research

There are 120,000 tickets for 100 euros each available for the online campaign, which has been running since Tuesday. Anyone can take part; the drawing will take place on April 14th at Christie’s in Paris.

The work, entitled “Tête de femme” (Woman’s Head), is a gouache on paper, a work created in opaque watercolor in 1941. It was kept by Pablo Picasso and his family for a time, later entering a private collection before being put back on the market, first in New York and most recently in Zurich.

If the raffle is as successful as expected, up to 12 million euros could be collected. The sum will go to the Alzheimer’s Research Foundation to finance its scientific programs in France and abroad, for European, American and Canadian research teams.