A $1 million Picasso has sold for just $117 | CNN

EDITOR’S NOTE: This story has been updated with results from the raffle. A painting by famed Spanish artist Pablo Picasso, valued at more than $1 million, has sold for the price of a dinner in Paris. Ari Hodara was the lucky winner of the “1 Picasso for 100 euros” raffle, which offered entrants the chance to take home Picasso’s 1941 gouache “Tête de Femme.” The price of a ticket was — as the name of the contest suggests — 100 euros, or about $117. A total of 120,000 tickets were available and proceeds will be donated to the Alzheimer’s Research Foundation, which supports clinical research into the disease across Europe. Hodara, who bought winning ticket number 94715 last weekend, is an art lover from Paris who works selling software. Learning he now owns a Picasso came as quite the surprise. “How can I check this isn’t a hoax?” he asked over the phone when Péri Cochin, one of the raffle’s organizers, told him of the result during the live-streamed event. She switched to video call and revealed the audience. “Can you be unhappy about winning a Picasso? No, I don’t think so,” Hodara said, laughing. “When she called I thought it was fake, it was ph