$1.25m Picasso yours for just $170
Published on Dec 4, 2013 6:06 AM
NEW YORK (AFP) - Still stumped for a Christmas present? Then what about an exquisite US$1 million (S$1.25 million) Picasso for the living room, yours for just US$135 at an online charity raffle.
The perfectly preserved Cubist gouache was 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 has issued 50,000 tickets at 100 euros (S$170) each for the first-of-its-kind tombola on Dec 18 at Sotheby's in Paris, hoping to raise US$5 million.
It wants the money to develop a traditional handicraft village giving young people, women and the disabled jobs in Tyre and to set up an institute for Phoenician studies in Beirut.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here