Thursday, Apr 17, 2014Thursday, Apr 17, 2014

$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.

If you are not a subscriber, you can get instant, unlimited access here