A $1 Million Pablo Picasso Painting Is Being Raffled Off for Only $116

At the end of 2025, we reported on the third edition of the 1 Picasso for 100 Euros charity raffle, which gives anyone the chance to win a Pablo Picasso painting worth €1 million (about $1.17 million). Now, there’s only one day left to enter before the highly anticipated drawing takes place live on April 14.

The painting up for auction, Tête de Femme (Head of a Woman), is a 1941 gouache that reflects a turbulent period in Picasso’s life. Rendered in a stark, monochrome Cubist style, the portrait was created in Paris during World War II and amid the breakdown of his marriage to his first wife, Olga Khokhlova. According to Picasso’s grandson, Olivier Widmaier Picasso, Tête de Femme was painted in the same studio where the legendary Spanish artist painted his masterpiece, Guernica.

To have the chance to own Tête de Femme, the price of a raffle ticket is €100 euros, or about $116. Raffle organizer Péri Cochin, a French television producer and childhood friend of Picasso’s grandson, hopes to sell the total 120,000 available tickets. That amount will not only cover the cost of the painting itself, but also raise around €11 million (about $12.91 million) for the Alzheimer’s Research Foundation.

The painting was donated by Opera Gallery, whose board includes Picasso’s grandson, Olivier. He said, “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.” Oliver believes Tête de Femme is actually undervalued. “It’s worth much more than $1 million,” he said. “So it will be really a big prize.”

This isn’t the first time a Pablo Picasso painting has been raffled for charity. The first edition of 1 Picasso for 100 Euros, held in 2013, featured L’Homme au Gibus, a 1914 gouache-on-paper valued at €860,000 (about $1 million). The raffle raised more than €5 million (about $5.8 million) for the preservation of Tyre, a UNESCO World Heritage Site in Lebanon, with 25-year-old Jeffrey Gonano winning the prize.

In 2020, the organization raffled Nature Morte, again raising over €5 million to support well rehabilitation projects across Africa. That year’s winner, Claudia Borgogno of Ventimiglia, Italy, received her ticket as a Christmas gift from her son.

For your chance to win Tête de Femme, enter the drawing for €100 euro ($116) before Tuesday, April 14. The winner will be announced live at 6 p.m. CET on the 1 Picasso for 100 Euros website.

For just €100 ($116), participants in the 1 Picasso for 100 Euros raffle have a chance at winning a Picasso painting worth €1 million (about $1.17 million), titled Tête de Femme.

The money raised will support the Alzheimer’s Research Foundation and its clinical research efforts across Europe.

The lucky winner will be announced live on Tuesday, April 14, 2026 at 6 p.m. CET.

1 Picasso for 100 euros: Website | Facebook | Instagram

Source: A $1 million Picasso is due to be sold for just $116

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Emma Taggart

Emma Taggart is a Staff Writer and Video Editor at My Modern Met. She earned a BA in Fashion and Textile Design at the University of Ulster in Belfast. Originally from Northern Ireland, she lived in Berlin for many years, where she fostered a career in the arts, dabbling in everything from illustration and animation to music and ceramics. She now calls Edinburgh home, where she continues to work as a writer, illustrator, and ceramicist. Her ceramics, often combined with hand-painted animation frames, capture playful scenes that celebrate freedom and movement, and blend her passion for art with storytelling. Her illustrations have been featured in The Berliner Magazine as well as other print magazines and a poetry book.
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