Tags: 135 | picasso | worth | charity | raffle

$135 Picasso, Worth $1M, Scored by Man on Charity Raffle Website

Friday, 20 Dec 2013 07:29 AM

By Newsmax Wires

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
A Pennsylvania man was amazed when he logged on to charity raffle website Wednesday and scored a Pablo Picasso drawing worth $1 million for just 100 euros, or about $135.

Jeffrey Gonano, 25, said he had been looking for a picture to hang on his living room wall when he read a news article about "L'Homme au Gibus" ("Man with Opera Hat"), raffled by Sotheby's in Paris.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

"I was looking for art and I thought I might as well," the project manager at a fire sprinkler firm told Reuters by telephone.

Despite the enormous value of his new acquisition, Gonano vowed not to sell the artwork, at least for the time being. He told the Pittsburgh Tribune-Review he's not sure he'll ever hang the masterpiece in his home in Wexford, in western Pennsylvania, given its value.

"Maybe I'll lend it to a museum and let them put it on display rather than putting it in a vault, so other people can enjoy it," he told the newspaper. "It all depends. I don't know what the taxes are or anything."

His winning ticket 747815 — picked by a computer system on Wednesday — was one of 50,000 put up for sale online at 100 euros each to raise funds for an association working to preserve the ancient city of Tyre, in modern day Lebanon.

Organizers said that buyers from France and Germany to Iran and Kyrgyzstan had taken part, with a particularly large number of Americans.

The small drawing dates from 1914, during the artist's Cubist phase, and was purchased by the Association to Save Tyre from a New York gallery with the help of a large bank loan. Organizers say they paid slightly less for the work than the one million dollar estimate given by Sotheby's experts.

The sale was given the green light by Picasso's grandson Olivier Picasso who said his grandfather would have been thrilled that his work was 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.

For the moment the work's new owner said he still could not believe his luck.

"I'm still in shock. I've never won anything like this before... Obviously," he said.

Editor's Note: ObamaCare Is Here. Are You Prepared?

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Crooks Steal From 5-Year-Old Cancer Patient; TVs, Video Games, PS4 Gone

Thursday, 18 Dec 2014 15:40 PM

Police are on the hunt for the crooks who stole electronics from a 5-year-old brain cancer patient's St. Louis home. . . .

Lost Luggage Found 20 Years Later Returned to Arizona Woman

Thursday, 18 Dec 2014 15:16 PM

Lost luggage found 20 years later was returned to an Arizona woman with a handwritten note on Tuesday. . . .

Bus Driver Takes Cane From Blind Boy, Replaces It With Pool Noodle

Thursday, 18 Dec 2014 15:07 PM

A Kansas City school bus driver took away an 8-year-old blind boy's cane this week and replaced it with a pool noodle, o . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved