economy
Sales engineer takes home $1 million Picasso with $117 raffle ticket
Updated on: April 15, 2026 / 8:50 AM EDT / CBS/AP
TL;DR
- Ari Hodara, a 58-year-old sales engineer from Paris, won a Picasso painting titled 'Head of a Woman' in a charity raffle.
- The ticket cost 100 euros (approximately $117), and the painting is valued at least at $1 million.
- The raffle raised about $14 million for Alzheimer's research.
- A total of 120,000 tickets were sold worldwide for the chance to win the 1941 gouache-on-paper artwork.
- Previous Picasso raffles have raised funds for cultural work in Lebanon and water and hygiene programs in Africa.