French engineer Ari Hodara has won a 1941 Pablo Picasso painting titled 'Tête de Femme' through a charity raffle after purchasing a single €100 ticket. The draw, held at Christie’s Paris, sold 120,000 tickets globally and raised €12 million for the Alzheimer’s Research Foundation. The artwork was sourced from the Opera Gallery, which will receive approximately €1 million of the proceeds.
This event demonstrates the growing success of high-stakes art raffles as a democratic fundraising tool, moving beyond traditional elite auctions to engage a global public. Organized by producer Péri Cochin with the long-standing support of the Picasso estate, the initiative has now raised over €22 million across three editions for various international humanitarian and medical causes.