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Picasso Raffle Winner
Ari Hodara won an original Picasso painting worth more than €1 million after purchasing a €100 raffle ticket.
“France raffle offers $1M Picasso for a 100 euro ticket to raise money for charity A raffle in France offers a chance to win a $1 million Picasso painting for just 100 euros, or $117 PARIS -- In a few hours, one lucky winner will find themselves the owner of a Pablo Picasso painting for less than $120”
The raffle sold all 120,000 tickets, raising approximately €12 million.
Hodara was stunned and asked how he could be sure it wasn't a prank.
The painting is a 1941 portrait of Picasso's partner Dora Maar.
The Opera Gallery will receive €1 million, with the rest going to Alzheimer's research.
Raffle History and Impact
The raffle was founded in 2013 and has held three editions.
The first winner was a 25-year-old American from Pennsylvania.
The second was an Italian accountant in 2020.
Together, previous raffles raised more than €10 million.
The Alzheimer Research Foundation is France's largest private funder of Alzheimer's research.
Public Reaction and Future
Hodara planned to keep the painting.
“Ari Hodara, a 59-year-old sales engineer from Paris, is walking away with Pablo Picasso’s “Tête de Femme (Head of a Woman),” valued at approximately $1 million, just days after purchasing a $117 raffle ticket”
Organizers were pleased the winner was Paris-based.
The raffle combines access to art with fundraising.
The Opera Gallery offered a preferential price.
The event was livestreamed with global participation.
