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get your tickets $1M Picasso Raffled for $135 Bloomberg/Getty

$1M Picasso Raffled for $135

A $135 raffle ticket doesn't seem as extravagant when a $1 million painting by Pablo Picasso is up for grabs. The famed painter's grandson Olivier is promoting a Sotheby's raffle on Dec. 18 that will sell a signed 1941 work, L’Homme au Gibus. Proceeds will go to a charity hoping to raise $5 million to save the ancient Lebanese city of Tyre. The painting was previously purchased by an anonymous buyer in New York and gifted to the International Association to Save the Tyre. It's believed to be the first time a piece of art of this level has been raffled.

December 3, 2013 8:59 PM