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 villages in Cameroon, Madagascar, and Morocco. The five-year project will bring life-changing resources to 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.
