Last updated: November 24, 2025
Article 1: Organizer — Object
1.1. Fondation pour la Recherche sur Alzheimer (hereinafter referred to as "the Foundation"), a foundation recognized as being of public utility, with its registered office at 83 Boulevard de l'Hôpital, 75013 Paris, France, organizes an electronic charity raffle called "1 Picasso 10 Euros" on its website 1picasso10euros.com (hereinafter referred to as "the Website") to support Alzheimer's disease research projects (hereinafter referred to as "the Project").
1.2. The raffle capital is set at €12,000,000, comprising 120,000 tickets valued at 100€ each (hereinafter referred to as "the Raffle"). Proceeds minus organizational costs fund the Project based on actual funds raised.
1.3. The Raffle operates with the prior authorization and participation of the Picasso Estate / Picasso Administration.
1.4. Participation in the Raffle implies unreserved acceptance of these Rules (hereinafter referred to as "the Rules").
Article 2: Entirety
2.1. These Rules represent the entirety of the obligations between the Foundation and the Participants in connection with the Raffle.
2.2. The Rules supersede any oral or written agreement that may have been entered into between the Foundation and the Participants in the Raffle prior to the date of entry into force.
Article 3: Description of the Prize
3.1. The prize is an authenticated gouache on paper drawing by Pablo Picasso, size 38.5 x 25.4 cm, dated 15 May 1941, representing a woman's head, with an estimated value of one million euros (€1,000,000) (hereinafter referred to as "the Prize"). Authenticity is guaranteed through the Zervos Catalogue and Opera Gallery.
3.2. Prior to the draw, the Prize undergoes public presentation at various locations, including Christie's in Paris.
3.3. The Prize may not be awarded in any form other than that provided for in these Rules. The Prize will not be returned, exchanged or replaced by another object for any reason whatsoever.
Article 4: How to Participate
4.1. Participants
The Raffle is open only to natural persons who meet the following conditions:
- be 18 years old on the day of participation in the Raffle,
- have legal capacity and not be subject to an incapacity regime in accordance with French law, and,
- be a resident of a country in which this Raffle is accessible and participation is not prohibited.
The Raffle is excluded to any legal person, as well as to any person targeted within the framework of restrictive measures and sanctions due to the situation in Russia, any person wishing to export directly or indirectly the work concerned to Russia, Belarus, the occupied territories of Ukraine as well as any countries targeted by sanctions, asset freezes and embargoes.
The participation of members of the Foundation's staff as well as persons who have collaborated directly or indirectly in the organisation of the Raffle and persons who are members of their household is also excluded.
4.2. Ticket Sale Period
4.2.1. The sale of the 120,000 tickets for the Raffle will start on November 22, 2025 at 09:00 a.m., and will end on April 14, 2026, at noon, Paris time.
4.2.2. If the minimum number of 60,000 tickets has not been sold by 10 April 2026 at the latest, the Foundation reserves the right to extend the period for the sale of tickets to a later closing date, but this postponement date is not later than 10 May 2026.
4.3. Participation Procedure
To participate in the Raffle, each person who meets the conditions of Article 4.1 must:
- purchase one or more tickets with a unit value of 100 euros on the Website in accordance with the conditions set out in Article 4.4 of these Rules;
- fill in the checkout form specifying their name, surname, address, post code, city, country, email address (e-mail) and mobile phone number;
- undertake not to re-export the work directly or indirectly to a country subject to sanctions, asset freezes, or embargoes.
The Participant undertakes to provide accurate, correct and complete information and to communicate to the Foundation any updates regarding the personal data he or she has entered on the electronic registration form.
The Participant undertakes not to use a pseudonym or email address that could infringe the rights of third parties (in particular by using the surname of a third party, the trademark of others or works protected by copyright).
The Participant authorises all legal verifications concerning his/her identity and contact details. Any false, erroneous, illegible, incomplete, inaccurate or fanciful indication of identity or address will result in the cancellation of the participation of the Participant concerned, without prejudice to any recourse or action that the Foundation may take against him/her.
Under no circumstances can the Foundation be held liable for any Participant who usurps the identity of another person in the context of the registration procedure for the Raffle.
4.4. Ticket Purchase Procedures
The purchase of the ticket(s) can only be made online on the Website.
Tickets are paid exclusively by credit card via a secure payment platform in accordance with the PCI DSS (Payment Card Industry Data Security Standard).
Each ticket purchase is final and therefore cannot give rise to any right of withdrawal.
4.5. Transmission of Tickets
Once payment has been made, the Participant will be able to download his/her dematerialized ticket(s) in PDF format and will receive it by email.
The number on each ticket will be used for the draw.
The Participant may, at any time, offer one or more tickets purchased by filling in the ticket update form on the Website. When a ticket's email address is updated, the ticket is cancelled and a new ticket is issued and automatically sent to the new email address. The original ticket is therefore not entered into the draw.
4.6. Draw
The raffle draw will be held on April 14, 2026 at 6 p.m. Paris time, unless the ticket sales period provided for in Article 4.2.2 of these Rules is extended. In the event of an extension, the date of the draw will take place no later than 15 May 2026.
The draw will be held in the main auction room of Christie's, 9 avenue Matignon, 75008 Paris, in the presence and under the control of Julie DELAMOTTE, Commissioner of Justice (12, rue de Montyon – 75009 Paris).
The winner's name and ticket number will be published on the Website.
4.7. Winner Designation
During the draw, three (3) ticket numbers will be drawn successively.
The winner of the Raffle will be the subscriber of the first ticket drawn.
After verification of compliance with the conditions set out in Article 4 of these Rules, the winner will be notified by email and telephone as provided when registering online for the Raffle. On this occasion, he will be informed of the practical arrangements associated with the withdrawal of the Prize.
Participants are solely responsible for the information provided at the time of registration. Consequently, the Foundation cannot be held liable if the winner cannot be contacted due to incorrect or incomplete information. It is not the Foundation's responsibility to search for the winner. The latter will not be entitled to any compensation or indemnity.
4.8. Change of Winner
The ticket designated as a winner will be forfeited in one of the following cases:
- if after verification it is proven that the winner has not complied with these Rules, or
- if it does not allow the subscriber to be identified or if the Foundation is unable to reach him or her at the contact details he or she has provided within a period of one (1) month following the draw, or
- if the winner does not provide the Foundation with the additional personal information necessary for the collection of the Prize within one (1) month of the date of the draw.
In this case, the subscriber of the second ticket drawn will be designated the winner.
The same conditions for changing the winner of this article will be applied successively to the subscribers of the selected tickets until the terms and conditions of participation and withdrawal of the Prize from these Rules are respected by the subscriber designated as the winner.
If none of the three (3) subscribers selected in the draw comply with these conditions, a new draw will be organized by the Foundation to select the winner under the conditions set out in Article 4.7 of the Rules.
Participants will be informed by email of the terms and the date of the second draw.
4.9. Methods of Collection of the Prize
The holder of the winning ticket will have a period of forty-five (45) working days from the date of notification of his or her win by the Foundation to collect the Prize from the warehouse located in France in which the Prize is stored. The contact details of this confidential pick-up location will be communicated to him by phone.
With the prior agreement of the Foundation, the holder of the winning ticket may appoint an agent of his choice to collect the Prize in his name and on his behalf. A copy of the third party's official identity document (identity card or passport) must be sent to the Foundation prior to the date of withdrawal. The original copy of this identity document must be presented to the Foundation on the day of collection of the Prize.
Proof of authenticity will be given to the winner (or his/her representative) when the Prize is collected.
The winner or his/her representative must make all necessary arrangements to collect the Prize according to the terms and conditions specified above.
4.10. Fees, Taxes, Customs Duties
The costs of insuring the Prize to cover its loss, theft, damage or destruction, between the date of the draw and the date of collection of the Prize by the winner (or his representative) are the responsibility of the Foundation.
The travel expenses of the winner (or his/her representative) to the place of collection of the Prize are to be borne by the Foundation up to one thousand five hundred euros (€1,500) including VAT. Beyond this limit, they are the responsibility of the winner.
The Foundation undertakes to cover all costs, fees and taxes relating to the transfer and transport of the Prize by the winner to his or her country of residence, as well as any customs duties that may be required, according to the following terms:
- up to a maximum of fifty thousand euros (€50,000) for the transport of the Prize by the winner to one of the countries of the European Economic Area (EEA) and North America (Canada or the United States of America),
- up to sixty thousand euros (€60,000) for all other regions.
Beyond the above limits, the costs, fees and taxes and customs duties required are the responsibility of the winner.
The value of the Prize will be given to the winner as an indication based on the estimates and its purchase value. The Foundation cannot be held responsible for this value or any variation in this value.
The completion of the export formalities from France and the import formalities in the destination country are the responsibility of the winner.
4.11. Fraud
Any fraud or attempted fraud by a Participant or winner will result in the cancellation of his/her participation and, where applicable, the loss of his/her right to the delivery of the Prize without any compensation being admissible as a result and without prejudice to the other penalties provided for by the Penal Code.
4.12. Personal Data
The information provided by Participants in connection with their participation in the Raffle is processed in accordance with the measures described in the Foundation's Privacy Policy, available at https://1picasso10euros.com/privacy-policy.php.
Participants who exercise the right to delete their personal data prior to the draw will be deemed to have withdrawn their participation.
Article 5: Special Constraints Related to the Internet Network
5.1. Participation in the Raffle implies knowledge and acceptance by any Participant of the characteristics and limitations of the Internet network and in particular, the functional characteristics, technical performance, problems related to the connection and/or access to the Internet network and/or the Website, the availability and congestion of the network, the failure or saturation of the network, transit time, access to information posted online, response times for displaying, consulting, querying or otherwise transferring data, risks of interruption, the lack of protection of certain data against possible misappropriation or hacking and the risks of contamination by any viruses circulating on the network for which the Foundation cannot be held liable.
5.2. The Foundation cannot be held liable for:
- delays or errors in the transmission of data that are beyond its control,
- sending an email or correspondence to an incorrect or incomplete email or physical address,
- the impossibility of reaching one or more Participants by telephone in the event of an unassigned or erroneous number entered,
- in the event that one or more Participants are unable to connect to the Website due to any technical defect or any problem related in particular to network congestion,
- if, for any reason, the Participant's connection to the Website should be interrupted or if his participation has not been taken into account,
- the maintenance or malfunction of the Raffle servers, the online payment platform, the telephone line or any other technical connection.
5.3. Furthermore, the Foundation cannot be held liable for any damage of any kind whatsoever caused to the Participants, their computer equipment and the data stored therein, and the consequences that may result from this on their personal, professional or commercial activity.
5.4. The connection of any person to the Website and participation in the Raffle is under his or her sole responsibility. It is therefore the responsibility of all Participants to take all appropriate measures to protect their own data and/or software stored on their computer equipment against any attack due to external malicious acts, and in particular viruses.
5.5. In any case, if the smooth running of participation in the Raffle is disrupted by a virus, computer bug, unauthorised human intervention or any other cause beyond the Foundation's control, the Foundation reserves the right to interrupt access to the Website subject to being duly informed.
5.6. The computerised registers and telephone communication registers related to the organisation of the Raffle will be kept in the systems of the Foundation (or its duly authorised IT service provider(s)) in accordance with the rules of the art in terms of security and will be considered as evidence of e-mail and call communications. It is agreed that in the event of any discrepancy between such evidence and the paper or electronic documents available to the Raffle Participants, only the Foundation's computerized records and telephone records shall prevail.
Article 6: Cancellation, Postponement of the Raffle
6.1. The Foundation may, if circumstances so require, cancel the Raffle, shorten it, extend it, postpone it, modify the conditions or the location of the draw at any time and without notice, without incurring any liability for this fact.
6.2. The Foundation may cancel or suspend the Raffle if malfunctions and/or fraud occur, particularly in IT systems or through erroneous participant information.
6.3. This Raffle may also be cancelled in the event of the occurrence of a case of force majeure, as defined by Article 1218 of the Civil Code, or an event beyond the control of the Foundation.
6.4. The Raffle may be cancelled if the minimum of 60,000 tickets remains unsold by 10 May 2026.
6.5. Participants will receive email notification of any cancellation.
6.6. In the event of cancellation, the Foundation undertakes to refund the price of the ticket(s) paid by each Participant within a maximum period of one (1) month following the notification of the cancellation of the Raffle by email, via the original payment method.
Article 7: Intellectual Property Rights
7.1. The Website, the elements of any kind making up the Website, the Website's graphic charter and the trademarks and logos are the exclusive property of the Foundation or its partners and are protected by intellectual property laws.
7.2. Any reproduction, representation, adaptation and/or exploitation, in whole or in part, of the Website and its content is strictly prohibited, without the prior written authorization of the Foundation or its partners.
Article 8: Communication and Image Rights
The winner permits the Foundation to display their surname, first name, city, and photograph on the Website for promotional purposes. He has the right to object at any time to this reproduction after the expiry of a period of two (2) years.
Article 9: Filing of the Regulations and Consultation
These Rules were filed on November 24, 2025 with Me Julie Delamotte, Commissioner of Justice, located at 12, rue de Montyon – 75009 Paris. They can be consulted free of charge on the Website.
Article 10: Amendments to the Regulations
10.1. Changes within declared limits are published on the Website and emailed to Participants.
10.2. The changes will come into force as soon as they are posted on the Website.
10.3. If any clause becomes void, the remaining clauses stay enforceable.
Article 11: Protest
Disputes must be submitted within 15 working days of the winner designation to the Foundation by post at 83 Boulevard de l'Hôpital, 75013 Paris, France, or by email at [email protected].
Article 12: Liability, Litigation, Applicable Law
12.1. The Foundation bears no liability for any damage to the Prize after handover and confirms insurance coverage through the date of collection.
12.2. These Rules are governed by French law.
12.3. Any dispute or dispute relating to the execution or interpretation of these Rules shall be subject to the jurisdiction of the Paris Judicial Court.
Article 13: Language
These Rules are written in French and may be translated into English for information purposes. In the event of any discrepancy in interpretation between the French and English versions, the French version shall prevail and be the only authoritative version.
Contact
Fondation pour la Recherche sur Alzheimer
83 Boulevard de l'Hôpital
75013 Paris, France
Email: [email protected]
Phone: +33 1 42 17 75 00
