Picasso Work, Valued At $1 Million, To Be Raffled Off
December 16, 2013 3:22 PM
In an effort to raise money to save the ancient and historical city of Tyre, Lebanon, French TV host Peri Cochin has teamed with Olivier Picasso, Pablo Picassos grandson , here posing with the painting entitled LHomme au Gibus or Man with Opera Hat in New York December 3, 2013, to create a lottery like none before. The UNESCO-registered charity has issued 50,000 tickets at 100 euros ($135) each for the first-of-its-kind tombola on December 18 at Sotheby’s in Paris, hoping to raise $5 million. It wants the money to develop a traditional handicraft village giving young people, women and the disabled jobs in Tyre and to set up an institute for Phoenician studies in Beirut. AFP PHOTO / TIMOTHY CLARY (Photo credit should read TIMOTHY CLARY/AFP/Getty Images)
The cost for each person to enter: 100 Euros, about $135 in U.S. dollars. For more information about the charity-related drawing of Picasso’s “Man with Opera Hat,” click here.