The sale of the 1921 work is the raffle’s second iteration. In its first, Picasso’s work L’homme au Gibus
(1914) went to a 25-year-old project manager in Pennsylvania after the International Association to Save Tyre sold 50,000 raffle tickets for $135 each to help fund the restoration of the Lebanese city of Tyre. In that instance, a Dallas art collector tried to buy
10,000 tickets for $1.3 million to try to secure the painting, before he was rebuffed by the nonprofit.
This time around, the raffle organizers have specified that an interested individual can only buy 30 tickets online, though larger orders may be placed via email. After Nature Morte is sold, the raffle is set to be held yearly, working with the Picasso estate and Picasso Administration.