The initiative, “1 Picasso for 100 Euros” is organized by the Aider Les Autres (Help Others) charity, with the permission of the Picasso Administration. More than 200,000 people entered the raffle contest by donating 100 euros ($110) each, with Claudia Borgogno emerging as the winner.
The 1921 oil painting known as “Nature Morte” (Still Life) had been in a private collection in France before this raffle. It is signed by the artist in the top left-hand corner.
The donations will be used by the NGO CARE International to build and rehabilitate wells, washing facilities, and toilets in villages and schools in Cameroon, Madagascar, and Morocco. The project is intended to last five years and hopes to improve the lives of 200,000 people living in the areas.
All proceeds from the raffle went towards financing two arts and cultural projects in the UNESCO World Heritage city, with 50,000 tickets on sale.
Another raffle is due to take place next year.