The raffle is raising funds for CARE, an international NGO working to eliminate global poverty. With the proceeds, they will bring clean water access to several African nations, a resource that will change the lives of 200,000 people.
This is not the first Picasso to be offered up for a lark. In 2013, €4.8 million was raised to rehabilitate the ancient city of Tyre, a UNESCO World Heritage Site in southern Lebanon. Since then, the International Association to Save Tyre has built a handicraft village which boosts the local economy through reviving traditional crafts. The work, a 1914 drawing in gouache ink on paper, titled L'Homme au Gibus, also had an estimated value of $1 million. A lucky 25-year-old man from Pennsylvania is now its proud owner.
If you're feeling lucky, purchase your tickets on-line before the raffle takes place on January 6.