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Charity to raffle a Picasso for 100 euros

PARIS (AP) - For aspiring art collectors everywhere, there is hope.

Sotheby's Paris is giving away a $1 million masterpiece by Pablo Picasso for just 100 euros ($138) in an unusually affordable charity raffle Wednesday.

The 1914 work "Man in the Opera Hat," which features vivid shapes in opaque gouache paint, dates from the Spanish master's cubist period.

Raffle tickets - limited to 50,000 - have been available online since April.

The International Association for the Safeguard of Tyr owns the Picasso, and hopes to raise 5 million euros ($6.9 million) to protect the ancient Lebanese city of Tyr, a UNESCO heritage site.

The painter's grandson, Olivier Picasso, said in a statement that his grandfather, who died in 1973, would have been "amused to participate in an event like this."

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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