Picasso
person on 8 shows · 10 statements across 8 episodes
We Live to Build 
the Knowledge Project 
Masters of Scale 
My First Million 
the Paul Morris Podcast 
the Startup Ideas Podcast 
Top Founders 
A Product Market Fit Show
10 statements about Picasso, every show
Basile began art advisory selling Picasso and Monet to Middle Eastern clients
“An opportunity came to me for my wealthy Middle East clients out of Saudi Arabia and Kuwait with a Picasso and a Monet and a couple other works of that caliber, Van Gogh's and things of that nature.”
Art stored in international freeports like Geneva avoids capital gains tax
“Artists considered immune from capital gains tax, okay? If you sell your shares in, in a stock, you're taxed. Sell your Picasso, untouchable. You go into another country, now you put it into Geneva into a Freeport, you're not taxed, and that's legit.”
Rascoff: Pacaso created financing for fractional second-home mortgages
“One of the big benefits of buying a Picasso is you can get a mortgage on just your portion of the home because Picasso created that. Financing instrument.”
Premium pricing reflects creativity and experience, not raw materials
“Why do you spend so much for a Picasso? The linen-unders painting cost two dollars and 75 cents. Each jar of paint perhaps a dollar 75. You're paying for creativity, for experience, for something that works for you.”
Pacaso's CEO spent a full year interviewing buyers before building a product
“He spent an entire year going around the United States, talking to real estate agents, talking to potential home buyers to really understand like the pain point associated with buying a home, a vacation home and he didn't build anything for a year.”
Rosenstein: Early NFTs are the Picassos and Mona Lisas of digital art
“The early NFTs are the Picassos and Mona Lisas of this new movement, and people simply gravitate towards them because they're the most well-known. And because they're the most well-known, People want them. It's a simple thing that happens throughout the art cu…”
Avarell: Pacaso and Ember are the two dominant players in fractional ownership
“Right now it's basically the two big players in the space are Picasso and Ember. There are a couple others that are smaller but those are the two big ones.”
Sahil Bloom: The market for fractional home ownership like Pacaso is tiny
“And then with Picasso, I just disagree with you guys on this. I just don't think there's a big enough market of people that are willing to shell out this amount of money To own one eighth or one 16th of a house. I just don't think it exists.”
Puri: Pacaso charges a 12% upfront fee plus monthly management fees
“And this company takes this insane rake. So they take 12% of the purchase price up front. Just straight off the bat. And then they charge you a monthly management fee because they have the app that you and the other owners use to coordinate who's booking what,…”