A third edition of the international charity raffle “1 Picasso for 100 Euros” has been launched in support of Alzheimer’s research. The program allows participants to purchase a €100 (about $117) ticket for a chance to win an original work by Pablo Picasso, which is valued at €1 million (about $1.1 million), with proceeds benefiting Fondation Recherche Alzheimer, a French research foundation.
Ticket sales opened on November 24th and are available exclusively through the raffle’s official website. A total of 120,000 tickets will be sold worldwide, and the draw is scheduled to take place on 14 April 2026 at 6 p.m. at Christie’s in Paris, under the supervision of a bailiff, and will be streamed live online.
The artwork to be awarded is Tête de femme (1941), a gouache-on-paper portrait of a woman. The piece comes from the collection of Opera Gallery, which is a partner in the initiative, and will be transferred to the winner following official validation after the draw. The work was painted during a tumultuous period between Picasso and Olga Khokhlova, his first wife. Olivier Picasso told the New York Times that it was conceived during an “extremely complicated [time] for my grandfather.”
The “1 Picasso for 100 Euros” concept was first realised in 2013, raising €5 million (about $5.8 million) for the preservation of the UNESCO-listed city of Tyre, in Lebanon. The first painting raffled was an early work on paper titled L’Homme au Gibus (1914). A second edition, organised in 2019, sold over 51,000 tickets across more than 100 countries and raised more than €5 million (about $5.8 million) for the humanitarian organisation CARE. The painting for the second raffle was Nature Morte (1921), an oil painting on canvas.
