Online raffle offers chance to own a Picasso for $169
NEW YORK (AP) - An online raffle is offering Picasso lovers a chance to own one of his original works for US$135 (S$169).
The work is titled Man With Opera Hat. The 30.5cm by 23cm cubist drawing from 1914 is valued at about US$1 million. The raffle's proceeds will go toward the preservation of the ancient city of Tyre, Lebanon. It is a Unesco World Heritage site.
The raffle is being offered by The International Association to Save Tyre. The drawing will be held at Sotheby's auction house in Paris on Dec 18. It will be broadcast live on the Internet.
The US$135 raffle ticket is available on www.1picasso100euros.com. Only 50,000 tickets will be sold.