Woman wins Picasso painting worth €1m in charity raffle

Italian woman receives work by Spanish master after being given lottery ticket as gift

An Italian woman on Wednesday won a Pablo Picasso painting worth €1 million in a French charity raffle that raised money for water projects in Africa.

The winner – who received her lottery ticket as a gift – will acquire the Spanish master’s 1921 oil-on-canvas still life Nature Morte, a small abstract representing a table, newspapers and a glass of absinthe.

The raffle raised €5.1 million, of which €900,000 will go to Monaco billionaire collector David Nahmad, who provided the painting. The rest will be used by charity Care for clean-water projects in schools and villages in Cameroon, Madagascar and Morocco. Mr Nahmad also gave €100,000 to Care.

"Picasso would have loved an operation like this because he was someone with a lot of interest in humanitarian and social causes," Peri Cochin, organiser of the raffle, told Reuters at the Paris offices of art auction house Christie's.

She said that more than 51,000 tickets costing €100 had been sold in the raffle, which had been delayed by the Covid-19 crisis.

“This coronavirus crisis has made it clear how important it is to wash your hands, and that can only be done with clear water,” Ms Cochin said.

At the first edition of this raffle in 2013, a 25-year-old American won a Picasso drawing titled The Man in the Opera Hat. That raffle raised €4.8 million for an association working to preserve the ancient city of Tyre, in modern-day Lebanon.

The organisers now hope to run an annual edition of the event, to the benefit of a different organisation each year.

The highest price ever fetched by a Picasso artwork was reached in May 2015, when Christie’s sold one of his Les Femmes d’Alger paintings for $179.4 million. – Reuters

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