$167 raffle ticket wins Cubist gem

Pablo Picasso's 1914 Cubist drawing L'homme au Gibus, Man with Opera Hat. Photo / AP
Pablo Picasso's 1914 Cubist drawing L'homme au Gibus, Man with Opera Hat. Photo / AP

A US ticket-holder in a worldwide online charity raffle has walked away with an exquisite Picasso, worth US$1 million ($1.22 million), after paying a mere €100 ($167), Sotheby's said after organising the pioneering event.

The perfectly preserved Cubist artwork had been bought by an anonymous donor from a New York gallery and given to a charity working to save the ancient city of Tyre in southern Lebanon.

The Unesco-registered charity issued 50,000 tickets at 100 each for the raffle at Sotheby's in Paris, hoping to raise US$5 million.

The lucky raffle winner was 25-year-old Jeffrey Gonano from Pennsylvania.

- NZ Herald

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