Italian woman wins €1m Picasso painting in a charity raffle

Tickets in the raffle cost €100 each

Picasso's 'Nature Morte', which has sold as part of a charity raffle (CHARLES PLATIAU/REUTERS)

An Italian woman has won a Pablo Picasso oil painting worth €1m (£897,000) in a charity raffle.

Claudia Borgogno’s son, Lorenzo Naso, bought two tickets in the charity draw, costing €100 each. The winning ticket, belonging to Borgogno, was picked out in an electronic draw by Paris auction house Christies.

“I have never won anything before,” said Borgogno, 58, who works as an accountant in Ventimiglia, Italy.

Naso called his purchasing of two tickets “maybe the best decision in my life”.

51,140 tickets were sold in the draw, with proceeds going to provide water for villagers in Madagascar and Cameroon.

Oganisers valued the 1921 painting, Nature Morte, or Still Life, as being worth $1.1m. The billionaire art collector who provided it, David Nahmad, said the work was worth at least two or three times that.

Naso said that he and his mother had been in lockdown together amid Italy’s coronavirus battle, adding that the win was “great news” in an “awful period of time”.

Additional reporting by Associated Press.