Guy Gets $1M Picasso for $140
US raffle winner plans to hang it on his wall
By Rob Quinn, Newser Staff
Posted Dec 18, 2013 11:14 PM CST
Updated Dec 19, 2013 7:03 AM CST
Picasso's 1914 Cubist drawing L'homme au Gibus, Man with Opera Hat, is presented at Sotheby's auction house in Paris.   (AP Photo/Remy de la Mauviniere)

(Newser) – A lucky American art fan who had been looking for something new for his wall now has a $1 million Picasso to fill the space. Jeffrey Gonano, project manager at a fire sprinkler firm, was among 50,000 people who bought $140 tickets in a raffle for the artist's 1914 "Man with Opera Hat," a small drawing from the artist's Cubist period. "I was looking for art and I thought I might as well," Gonano tells Reuters. The raffle, which had the blessing of Picasso's grandson, raised funds to help save the ancient Lebanese city of Tyre.

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Showing 3 of 14 comments
Lou Bernardo
Dec 19, 2013 10:48 PM CST
There is a worse artist than cross-eyed Picasso. Take a gander at the "art" of Rothko. If you have a dirty bed sheet frame it, hang it on the wall and you have a million dollar Rothko.
FURonnie Bed Time For Bonzo
Dec 19, 2013 11:46 AM CST
Pablo Picasso witnessed a hit & run auto accident and they asked him to describe the fugitives. So they arrested an elephant, a bicycle and a broom stick.
CaptRhan
Dec 19, 2013 8:13 AM CST
50,000 tickets X $140.00 is a $7.000.000.00. Now that is a great deal for the cause...art was only worth $1million. Great call for the doner