Ammon News - For the price of a dinner in Paris, somebody will soon walk away with a Picasso valued at more than $1 million.

The “1 Picasso for 100 euros” raffle offers entrants the chance to take home the artist’s 1941 gouache “Tête de Femme.” The price of a ticket is — as the name of the contest suggests — 100 euros, or about $116.

A total of 120,000 tickets are available for the drawing on April 14. Proceeds will be donated to the Alzheimer’s Research Foundation, which supports clinical research into the disease across Europe.

This is the third edition of the campaign. The first “1 Picasso for 100 euros” was held in 2013, with funds donated to the preservation of Tyre, a historic city in Southern Lebanon. A second edition in 2020 supported clean water and hygiene programs during the height of the Covid-19 pandemic.

Olivier Widmaier Picasso, grandson of the legendary Spanish artist, told CNN’s Paula Newton that his grandfather created “Tête de Femme” in the same studio where he painted his masterpiece “Guernica.”

He said he believed the work is being undervalued. “It’s worth much more than $1 million,” Widmaier Picasso said, “so it will be really a big prize.”

Picassos have fetched staggering sums at auction in the past. “Les Femmes d’Alger (Version ‘O’)” sold for more than $179 million in 2015.

CNN