American wins $1.26m Picasso for just $173 in online tombola
PARIS (AFP) - A United States ticket-holder in a worldwide online charity raffle on Wednesday walked away with an exquisite US$1 million (S$1.26 million) Picasso after paying a mere 100 euros (S$173), Sotheby's said after organising the first-of-its-kind tombola.
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 euros each for the tombola at Sotheby's in Paris, hoping to raise US$5 million.
The lucky winner in the raffle was 25-year-old Jeffrey Gonano from Pennsylvania, who works for a fire protection company.