Ari Hodara, a 58-year-old engineer from Paris, has won a Pablo Picasso painting valued at approximately $1 million after purchasing a raffle ticket for just 100 euros. The artwork, a 1941 gouache-on-paper titled "Head of a Woman," depicts the artist's muse Dora Maar and was provided by Opera Gallery. The raffle sold 120,000 tickets globally, successfully raising significant funds for charity.
A charity raffle in France is offering participants the chance to win a 1941 Pablo Picasso portrait, 'Tête de Femme', for the price of a €100 ticket. The initiative aims to sell up to 120,000 tickets to raise funds for the Alzheimer’s Research Foundation in Paris, with the painting's current owner, Opera Gallery, receiving €1m from the proceeds. The artwork will be displayed at Christie’s in Paris ahead of the drawing.
Frieze Los Angeles launched with significant early momentum as Endeavor CEO Ari Emanuel acquired three quilts by artist Yvonne Wells from Fort Gansevoort before VIP hours officially began. The fair's opening day saw robust activity, including the $3.7 million sale of an Ed Ruscha painting, while major galleries like Pace Prints and Opera Gallery announced strategic expansions into Los Angeles and Houston respectively.