French Engineer Hits Jackpot with €1m Picasso in Charity Raffle

Ben Thompson, Culture Editor
4 Min Read
⏱️ 3 min read

In a remarkable twist of fate, a French sales engineer has won an original Pablo Picasso painting valued at approximately €1 million (£868,950) after purchasing a €100 (£86.80) ticket for a charity raffle. The draw, which took place during a live-streamed ceremony at Christie’s in Paris, attracted over 120,000 participants from around the globe, raising an impressive €12 million (£10.4 million) to support Alzheimer’s research.

A Fortunate Win for Ari Hodara

Ari Hodara, 58, found himself in disbelief when he received the news of his win. The Paris-based engineer was randomly selected during the event held on Tuesday, and he expressed his astonishment during a video call with the organisers. “How do I know this isn’t a prank?” he quipped, reflecting the surprise that many might share in his shoes. “I was surprised, that’s it. When you bet on this, you don’t expect to win,” he added, capturing the essence of unexpected luck that often accompanies such rare opportunities.

The artwork, titled *Tête de femme* (“Head of a Woman”), is a 1941 gouache-on-paper portrait of Dora Maar, Picasso’s muse and partner. The piece, rendered in grey, white, and blue, not only reflects the somber mood of its wartime creation but also hints at a glimmer of hope, as noted by Olivier Widmaier Picasso, the artist’s grandson.

Raffle with a Purpose

This year’s raffle marks the third edition of the *1 Picasso for €100* initiative, first launched in 2013 by French journalist Peri Cochin. With the support of Picasso’s family and foundation, the event has now reached a landmark achievement with all 120,000 tickets sold for the first time in its history. Participants hailed from 52 different countries, showcasing the global appeal of both the artwork and the cause it supports.

Of the funds raised, €1 million will go to Opera Gallery, the art dealership that owned the painting, while the remaining €11 million (£9.5 million) will benefit France’s Fondation Recherche Alzheimer. Olivier de Ladoucette, a representative of the foundation, commented on the pressing need for increased funding in Alzheimer’s research, emphasising that “this Picasso initiative is one more building block so that one day Alzheimer’s will be nothing more than a bad memory.”

A Legacy of Art and Philanthropy

The Alzheimer Research Foundation, which orchestrated the raffle, has become a leading private financier of Alzheimer’s research in France since its inception in 2004. Previous raffles have similarly combined high-value artworks with charitable causes, each time generating significant donations for various humanitarian initiatives. For instance, in 2013, a young American won *Man in the Opera Hat*, with proceeds aiding preservation efforts in the UNESCO-listed city of Tyre. In 2020, an Italian accountant won *Nature Morte*, with funds directed towards sanitation and water projects across several African nations.

Organisers aim to merge access to significant art pieces with large-scale fundraising, allowing the public to not just dream of owning a masterpiece but also to contribute meaningfully to vital medical research.

Why it Matters

The intersection of art and philanthropy in initiatives like the *1 Picasso for €100* raffle serves as a powerful reminder of the potential for creativity to drive social change. While one man’s fortune has placed a Picasso in his home, the broader impact of this event extends to crucial funding for Alzheimer’s research. As society grapples with the challenges posed by this devastating disease, such initiatives illuminate the path forward, blending the worlds of cultural heritage and humanitarian efforts to foster hope for a brighter future.

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Ben Thompson is a cultural commentator and arts journalist who has written extensively on film, television, music, and the creative industries. With a background in film studies from Bristol University, he spent five years as a culture writer at The Guardian before joining The Update Desk. He hosts a popular podcast exploring the intersection of art and society.
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