$1m Picasso artwork snapped up at charity raffle for just €100

A $1m drawing by Pablo Picasso was snapped up by a 25-year-old US art lover at an online charity raffle for a mere €100.

Jeffrey Gonano said he had been looking for a picture to hang on his living room wall when he read about ‘L’Homme au Gibus’ (Man with Opera Hat), raffled by Sotheby’s in Paris. “I was looking for art and I thought I might as well,” he said.

Despite the enormous value of his new acquisition, Gonano vowed not to sell the artwork, at least for the time being.