$1m Picasso to be raffled for €100

For aspiring art collectors everywhere, there is hope.

Sotheby’s Paris is giving away a $1m (€727,000) masterpiece by Pablo Picasso for just €100 in an unusually affordable charity raffle on Wednesday.

The 1914 work Man in the Opera Hat, which features vivid shapes in opaque gouache paint, dates from the Spanish master’s cubist period.