This million-dollar Picasso could be yours for just $117

No need for a heist when you can make off like a bandit at this auction.A Pablo Picasso painting valued at $1.1 million will be handed over to a lucky raffle winner at an upcoming Alzheimer research charity fundraiser — and tickets will only cost around $117.About 120,000 tickets to the event will be sold worldwide, and they must be bought through the Fondation Recherche Alzheimer, the French research foundation hosting the raffle April 14 at Christie’s in Paris.

Ticket-holders can also attend online.Security will be present at the drawing.The artwork to be raffled is Picasso’s 1941 “Tête de Femme,” a gouache-on-paper portrait painted during a difficult time between the artist and his first wife, according to Artsy.Peri Cochin, a friend of Olivier Picasso, Picasso’s grandson, helped the foundation secure the portrait from the Opera Gallery for $1.1 million, according to the New York Times.The foundation plans to pay for the art using the ticket revenue and says it will still make more than $12 million afterward.If not enough tickets are sold to cover the cost, the auction will be called off, and all ticket-holders will be reimbursed, the foundation said.“Associating the name of Pablo Picasso to charity, a charitable purpose, is very important because my grandfather was very generous with the people around him,” Oliver Picasso told the Times.He said he believes the portrait was painted in the same Paris studio that his grandfather worked on one of his most famous paintings, “Guernica.”Cochin has helped organize two other Picasso raffles, one in 2013 and the other 2020.

Last time, an accountant from Italy was gifted the winning ticket by her son for Christmas....