News / Arts & Entertainment

Million-dollar Picasso Sold at Charity Raffle for 100 Euros

Picasso's 1914 cubist drawing L'Homme au Gibus, Man with Opera Hat, is presented at Sotheby's auction house in Paris, Dec. 12, 2013.
Picasso's 1914 cubist drawing L'Homme au Gibus, Man with Opera Hat, is presented at Sotheby's auction house in Paris, Dec. 12, 2013.
Reuters
— A million-dollar drawing by Pablo Picasso was snapped up on Wednesday by a 25-year-old American art lover at a online charity raffle for a mere 100 euros ($140).
 
Jeffrey Gonano said he had been looking for a picture to hang on his living room wall when he read a news article about “L'Homme au Gibus” (“Man with Opera Hat”), raffled by Sotheby's in Paris.
 
“I was looking for art and I thought I might as well,” the project manager at a fire sprinkler firm told Reuters by telephone.
 
Despite the enormous value of his new acquisition, Gonano vowed not to sell the artwork, at least for the time being.
 
His winning ticket 747815 - picked by a computer system on Wednesday - was one of 50,000 put up for sale online at 100 euros each to raise funds for an association working to preserve the ancient city of Tyre, in modern day Lebanon.
 
Organizers said that buyers from France and Germany to Iran and Kyrgyzstan had taken part, with a particularly large number of Americans.
 
The small drawing dates from 1914, during the artist's Cubist phase, and was purchased by the Association to Save Tyre, from a New York gallery with the help of a large bank loan. Organizers say they paid slightly less for the work than the $1 million estimate given by Sotheby's experts.
 
The sale was given the green light by Picasso's grandson Olivier Picasso who said his grandfather would have been thrilled that his work was being put to good use.
 
“My grandfather was a pioneer in everything, in his love life, in his artwork, so tonight I'm sure he would have helped the cause,” he said.
 
For the moment the work's new owner said he still could not believe his luck.
 
“I'm still in shock. I've never won anything like this before... Obviously,” he said.

($1 = 0.7266 euros)

You May Like

University of Michigan Wins Solar Car Race

Squad guided its student-designed solar-powered vehicle to fifth consecutive time victory in eight-day bi-annual American Solar Challenge More

Nigerian Islamic School Tries to Combat Boko Haram

Kaduna school headmaster teaches his students that what militants are doing is are doing is 'a total misunderstanding of the Islamic religion' More

University Trains Students to Advocate for Deaf People Worldwide

Program prepares graduates to advocate internationally for access to education, jobs for people with disabilities More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid

New in Music Alley

The Hamilton Live

Acclaimed jazz saxophonist Tia Fuller has made a name for herself appearing with such high-profile artists as Beyonce, Esperanza Spalding, and Terri Lyne Carrington. Tia and her quartet performed music from her CD “Angelic Warrior” on our latest edition of "The Hamilton Live."