Picasso worth €1m offered as charity raffle prize

His art is consistently ranked among the world's most expensive, with paintings fetching more than a $100m (£74m) at auction.

- Nadia Khomami

But you no longer need to be a multimillionaire to own a Picasso - for €100 (£87), anyone in the world has the chance to walk away with a painting by one of the most influential artists of the 20th century.The French charity Alzheimer's Research Foundation announced recently it was raffling Picasso's 1941 portrait, Tête de femme, which is worth more than €1m, to a single winner. Proceeds from the tickets will help fund Alzheimer's research, one of the leading causes of death and disability worldwide.

The project, called "1 Picasso for 100 Euros", is the first of its kind in the world, and a natural continuation of the artist's legacy, according to his grandson Olivier Widmaier Picasso.

"My grandfather was very generous, but he was also discreet," Widmaier Picasso said. "He helped his family, especially my grandmother Marie-Thérèse [Walter]. He helped friends. He helped people in need during the civil war in Spain, the second world war, and even after.