100 Euros for a picasso

100 Euros for a picasso
PRIZED: Spanish master Pablo Picasso’s grandson Olivier Picasso with the painting Man In The Opera Hat before offering the work in the lottery.

Pennsylvania - A man who won a US$1 million (S$1.27 million) Picasso painting would rather not hang the precious artpiece at his home.

Mr Jeffrey Gonano won the Picasso painting - Man In The Opera Hat - with a raffle ticket which cost him only 100 euros (S$173).

But he told the Pittsburgh Tribune-Review newspaper he is not sure he will ever hang the masterpiece in his home in Wexford, western Pennsylvania, given its value.

The 25-year-old Mr Gonano, who works for his family's fire sprinkler business, learnt last Wednesday that his ticket had won the Paris raffle, reported AP.

Organisers say nearly 50,000 tickets were sold worldwide for 100 euros apiece to benefit a Lebanese charity. The 1914 Man In the Opera Hat dates from Spanish master Pablo Picasso's cubist period. The artist died in 1973.

The artist's grandson, Mr Olivier Picasso, who helped drum up interest in the charity raffle, described the work as a "masterpiece" of museum standard in perfect condition, reported AFP.

An anonymous donor bought the ganache from a gallery in New York and donated it for the raffle.

Mr Gonano said he wants to keep the artwork, which features vivid shapes in opaque gouache paint.

"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."

Mr Gonano's girlfriend, Miss Gloria Spataro, said he liked the odds in the contest and felt optimistic.

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