Nahmad’s in the news for supporting a Picasso raffle to fund Alzheimer’s research—he’s a billionaire art dealer from Monaco, big player in fine art.
A French charity has held its third raffle offering a Picasso painting for €100. The gouache work from 1941 has been won by a Parisian software salesman, with proceeds supporting Alzheimer’s research. The event has raised over €10 million across three editions, emphasizing art’s role in philanthropy.