Raffle organizer Peri Cochin delivers a speech as the name of the winner of the painting “Nature Morte, 1921” by Spanish painter Pablo Picasso appears on the screen during the charity raffle official draw to designate the winner of the Picasso oil painting for 100 euros at Christie’s auction house in Paris, May 20, 2020. REUTERS/Charles Platiau
PARIS (Reuters) – An Italian woman on Wednesday won a Pablo Picasso painting worth 1 million euros ($1.1 million) in a French charity raffle that raised money for African water projects.
The winner – who received her lottery ticket as a gift – will acquire the Spanish master’s 1921 oil-on-canvas still life “Nature morte”, a small abstract representing a table, newspapers and a glass of absinth.
The raffle raised 5.1 million euros, of which 900,000 euros will go to Monaco billionaire collector David Nahmad who provided the painting. The rest will be used by charity CARE for clean-water projects in schools and villages in Cameroon,…
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