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Picasso's grandson is raffling off a $1 million painting

December 4, 2013 9:41:41 PM PST
Pablo Picasso's grandson is raffling off a $1 million painting for just $135 a ticket. The money is going to help save an ancient city.

The Picasso painting, titled "The Man with the Opera Hat" is nearly 100 years old.

Picasso's grandson Oliver, is offering 50,000 raffle tickets at 100 euros a piece. The money will go to a charity working to save the ancient Phoenician city of Tyre in Lebanon.

Oliver Picasso says a friend came up with the unusual charity idea.

"Organizing a dinner, a charity dinner, was boring and always the same type of thing," he said. "So she came up with the idea of a raffle and make a Picasso the winning prize."

The raffle is expected to generate about $5 million. The winner will be announced Dec. 18 in Paris.


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