Fancy a Picasso Painting Worth $1 Million For Just $117?

'1 Picasso for 100 Euros' has launched its third raffle in support of Alzheimer’s research.

Credit: Christie's

The international charity raffle is selling tickets for €100 (about $117) for a chance to win a small painting by Pablo Picasso, valued at a whopping €1 million (about $1.17m). All the funds generated from the initiative will be donated to the Alzheimer’s Research Foundation. Whilst you may not be the stupendously lucky winner, at least you will know that your punt went on a good cause. The organisers hope to sell 120,000 tickets and that tally will not only cover the cost of the painting itself, but also raise some €11 million (about $12.91m) for the Alzheimer’s charity.

Produced in 1941, Picasso’s Tête de Femme - Head of a Woman - depicts a woman rendered in monochromatic tones, her eyes wide and almost bewildered. The gouache-on-paper portrait was painted during a particularly turbulent time for the artist, amid the collapse of his marriage with his first wife, Olga Khokhlova. The period was “extremely complicated” for Picasso, according to his grandson, Olivier Picasso, who added that the painting’s muted colour palette reflects the artist’s unhappiness during the time.

“Associating the name of Pablo Picasso to charity, a charitable purpose, is very important because my grandfather was very generous with the people around him,” Olivier said in a recent interview with The New York Times.

The draw for Tête de Femme is slated for 14 April 2026, at Christie’s in Paris. To learn more about the initiative and purchase your own raffle ticket, visit the 1 Picasso for 100 Euros website.