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US man wins raffle for $1m Picasso | US man wins raffle for $1m Picasso |
(about 4 hours later) | |
A $1m (£610,000) painting by Pablo Picasso has been won by a US man who paid just 100 euros (£83) for a ticket in an online charity raffle. | A $1m (£610,000) painting by Pablo Picasso has been won by a US man who paid just 100 euros (£83) for a ticket in an online charity raffle. |
Jeffrey Gonano, 25, said he was looking for a picture to hang on his wall when he read an article about the painting being raffled by Sotheby's in Paris. | Jeffrey Gonano, 25, said he was looking for a picture to hang on his wall when he read an article about the painting being raffled by Sotheby's in Paris. |
L'Homme au Gibus (Man with Opera Hat) had been bought by a charity working to save the ancient Lebanese city of Tyre. | L'Homme au Gibus (Man with Opera Hat) had been bought by a charity working to save the ancient Lebanese city of Tyre. |
The charity issued 50,000 tickets at 100 euros each, hoping to raise $5m. | The charity issued 50,000 tickets at 100 euros each, hoping to raise $5m. |
Mr Gonano's winning ticket was picked by a computer system on Wednesday. | Mr Gonano's winning ticket was picked by a computer system on Wednesday. |
"I was looking for art and I thought I might as well," said Mr Gonano, a project manager at a fire sprinkler firm in Pennsylvania. | "I was looking for art and I thought I might as well," said Mr Gonano, a project manager at a fire sprinkler firm in Pennsylvania. |
Despite the enormous value of his new acquisition, he says he will not sell the artwork, at least for the time being. | |
Organisers said buyers from all over the world had taken part in the raffle, with a large number from the US. | Organisers said buyers from all over the world had taken part in the raffle, with a large number from the US. |
The 1914 artwork had been bought from a New York gallery by the Unesco-registered charity the International Association to Save Tyre with the help of a large bank loan. | The 1914 artwork had been bought from a New York gallery by the Unesco-registered charity the International Association to Save Tyre with the help of a large bank loan. |
Raffle organisers say they paid slightly less for the work than the $1m estimate given by Sotheby's experts. | Raffle organisers say they paid slightly less for the work than the $1m estimate given by Sotheby's experts. |
Picasso's grandson, Olivier Picasso, was among those drumming up interest in the tickets. | Picasso's grandson, Olivier Picasso, was among those drumming up interest in the tickets. |
He said his grandfather would have approved of his work being put to good use. | He said his grandfather would have approved of his work 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. | "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. |
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