{"id":375639,"date":"2026-04-12T08:05:08","date_gmt":"2026-04-12T08:05:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/375639\/"},"modified":"2026-04-12T08:05:08","modified_gmt":"2026-04-12T08:05:08","slug":"cubist-masterpiece-said-to-be-worth-millions-to-be-sold-for-less-than-90","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/375639\/","title":{"rendered":"Cubist masterpiece said to be worth millions to be sold for less than \u00a390"},"content":{"rendered":"

A Picasso masterpiece said to be worth millions of pounds could soon be sold for just \u00a387.<\/p>\n

A leading auction house is raffling off tickets for one of the Spanish artist’s portraits for charity – with tickets up for grabs at \u20ac100.<\/p>\n

The “1 Picasso for 100 euros” competition gives participants the chance to win the artist’s 1941 gouache work “Tete de Femme”.<\/p>\n

The draw takes place at famed auction house Christie’s in Paris on Tuesday, with 120,000 tickets available.<\/p>\n

All money raised will go to the Alzheimer’s Research Foundation, which funds clinical studies into the disease throughout Europe.<\/p>\n

The Opera Gallery donated the artwork, officially valued at \u00a3850,000, for the charitable initiative.<\/p>\n

Picasso created the piece in Paris while the Second World War engulfed Europe and German forces occupied much of France.<\/p>\n

The work was painted in the same studio where the Spanish master produced his celebrated work “Guernica”.<\/p>\n

\"Tete<\/p>\n

Raffle players will have the chance to win the artist’s 1941 gouache work ‘Tete de Femme’<\/p>\n

| <\/p>\n

OPERA GALLERY<\/p>\n

Olivier Widmaier Picasso, the artist’s grandson, told CNN that the painting may even be worth more than the six-figure valuation.<\/p>\n

“It’s worth much more than $1million,” Mr Widmaier Picasso said, “so it will be really a big prize.”<\/p>\n

The gouache measures around 38 centimetres tall and 25 centimetres wide.<\/p>\n

It depicts a woman’s face rendered in grey tones, deliberately distorted in the artist’s distinctive Cubist manner.<\/p>\n

The raffle concept came from Picasso’s grandson, who envisioned a new approach to philanthropy.<\/p>\n

LATEST FROM THE ART WORLD:<\/p>\n

\"Pablo<\/p>\n

Pablo Picasso’s (pictured) grandson Olivier said the painting may be worth more than its official valuation<\/p>\n

| <\/p>\n

GETTY<\/p>\n

“She thought it was a modern vision of charity by offering people the option to get a real artwork of my grandfather and to participate in humanitarian operations,” he said.<\/p>\n

This marks the third time the initiative has taken place.<\/p>\n

The inaugural “1 Picasso for 100 euros” event came in 2013, raising funds to preserve Tyre, an ancient Lebanese city.<\/p>\n

A second edition followed in 2020, directing proceeds towards clean water and sanitation programmes during the pandemic’s peak.<\/p>\n

\"Christie's<\/p>\n

The draw will take place at famed auction house Christie’s in Paris on Tuesday<\/p>\n

| <\/p>\n

CHRISTIE’S<\/p>\n

Mr Widmaier Picasso believes his grandfather would have embraced this charitable venture.<\/p>\n

“My grandfather was a pioneer in many ways,” he said. “I think that he was always very interested in participating in new things. I would say that today he would have been interested in video or maybe in artificial intelligence.”<\/p>\n

The lucky winner faces no restrictions on what they do with the artwork.<\/p>\n

“Anyone can do what they want,” he said. “They can keep it in the living room, they can show it in an exhibition \u2014 or they can resell it.”<\/p>\n

The victor from the 2013 draw chose to display their prize in a museum.<\/p>\n","protected":false},"excerpt":{"rendered":"A Picasso masterpiece said to be worth millions of pounds could soon be sold for just \u00a387. A…\n","protected":false},"author":2,"featured_media":375640,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[442,498,499,500,501,156,1221,111,43,139,69,51066,255],"class_list":{"0":"post-375639","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-arts-and-design","8":"tag-arts","9":"tag-arts-and-design","10":"tag-artsanddesign","11":"tag-artsdesign","12":"tag-design","13":"tag-entertainment","14":"tag-france","15":"tag-new-zealand","16":"tag-news","17":"tag-newzealand","18":"tag-nz","19":"tag-sgg","20":"tag-world-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/375639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=375639"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/375639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/375640"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=375639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=375639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=375639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}