INVEST IN SERIES ART #PICASSO TODAY!
Buy shares in important works of art
$116,590 Raised
Offering Circular | Operating Agreement | Terms Sheet | Selected Risks Related to this Offering | StartEngine Collectibles' SEC EDGAR Page |
This Reg A+ offering is made available through StartEngine Collectibles Fund I, LLC. No broker-dealer or other intermediary is involved in this offering. 10,000 units of this offering have been reserved for issuance as promotional shares to certain eligible investors. The maximum funding amount for the offering remains $258,630 and the minimum funding amount remains $206,900.
- The Artist: Pablo Picasso is regarded by many experts as the most important artist of the 20th century. Born in Spain, Picasso spent most of his adult life in France working in a variety of mediums but most known as a painter, sculptor, printmaker, ceramicist and theater designer. Picasso co-founded the Cubist movement in the 1910’s, invented the constructed sculpture, helped pioneer collage, and was known for having constantly evolved having explored a variety of mediums and styles through his career.
- The History: Picasso’s work is often categorized into periods. While the names of many of his later periods are debated, the most commonly accepted periods in his work are the Blue Period (1901–1904), the Rose Period (1904–1906), the African-influenced Period (1907–1909), Analytic Cubism (1909–1912), and Synthetic Cubism (1912–1919), also referred to as the Crystal period. Much of Picasso's work of the late 1910s and early 1920s is in a neoclassical style, and his work in the mid-1920s often has characteristics of Surrealism. His later work often combines elements of his earlier styles.
- The Artwork: The present work, Femme Assise, was executed in 1922 - 1923. Following the destruction and devastation of World War I, Picasso and many of his contemporaries reverted to a Neoclassical style that rejected many of the tenets of the Cubism that was being explored just prior to World War I. This work is an example of his neoclassical style. This work has an incredibly interesting provenance. The work comes from the Collection of Marina Picasso, the artist’s granddaughter. The artwork was unlawfully stolen out of the artist's studio and was returned to the Estate of the Artist by the French Government. This work is unique and has been confirmed by the artist’s son, Claude Picasso, the current expert for the artist.
WHAT IS SE Collectibles?
StartEngine Collectibles is the future of alternative assets
StartEngine democratizes investment opportunities in assets once reserved for industry professionals and the affluent, by breaking down the barriers to entry such as marketplace access, industry insights, proper procurement, authentication, storage, and insurance for these alternative assets.
Alternative Investments:
The 2018 U.S. Trust Insights on Wealth and Worth survey on wealthy households found that while baby boomers and older investors rely primarily on traditional stocks and bonds, younger investors, especially millennials, are more likely to incorporate alternative strategies into their investment portfolios.
Millennials allocate 17% to alternatives and assets other than stocks, bonds and cash. It also found that 61% of millennial investors think it’s not possible to achieve above-average returns by investing solely in stocks and bonds anymore, and are looking for alternative investments. For example, the report showed that millennials are the fastest-growing segment of art collectors, up 8% year-over-year and comprising 36% of total respondents. We believe these shifts in millennial investing tastes suggest there will be more interest in investing in alternative assets.
LINKS:
Picasso Vs. Stocks - Guess Which One Outperformed?
Our “blue chip” artists index outperforms the S&P 500
Interested in purchasing this investment opportunity outright? Email assets@startengine.com.
Do you have artwork you would like to sell using Start Engine? Email assets@startengine.com.
DISCLAIMER:
NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. "RESERVING" SHARES IS SIMPLY AN INDICATION OF INTEREST.AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
THERE IS NO EXPECTATION THAT AN ACTIVE PUBLIC OR PRIVATE MARKET WILL BE ESTABLISHED FOR THE SECURITIES IN THIS OFFERING, EITHER IN THE UNITED STATES OR ANY FOREIGN JURISDICTION, WHETHER THROUGH STARTENGINE SECONDARY, THIRD-PARTY REGISTERED BROKER-DEALERS OR OTHERWISE. FURTHERMORE, EVEN IF A MARKET WAS ESTABLISHED, THERE IS NO GUARANTEE THAT FOREIGN INVESTORS WOULD BE ABLE TO PARTICIPATE IN TRANSACTIONS ON THOSE MARKETS. STARTENGINE SECONDARY CURRENTLY DOES NOT, AND MAY NEVER ALLOW FOREIGN INVESTORS TO ESTABLISH OR MAINTAIN SUBSCRIBER ACCOUNTS REQUIRED TO TRADE SECURITIES ON THE ALTERNATIVE-TRADING SYSTEM.
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ABOUT
HEADQUARTERS
3900 W Alameda Ave, Suite 1200
Burbank, CA 91505
WEBSITE
View Site
StartEngine Collectibles brings you an opportunity to diversify your portfolio with Pablo Picasso, Femme assise, 1922, pen and ink on paper, 11.3 x 8.8 inches. Please note Owner’s Bonus members have priority for this investment for the first 7 days.
TERMS
Series Art #PICASSO
Overview
PRICE PER SHARE
$10
DEADLINE
Oct 9, 2023
VALUATION
$259k
FUNDING GOAL
$259k - $259k
Breakdown
MIN INVESTMENT
$10
MAX INVESTMENT
$15,000
MIN NUMBER OF SHARES OFFERED
25,863
MAX NUMBER OF SHARES OFFERED
25,863
OFFERING TYPE
Equity
ASSET TYPE
Units
SHARES OFFERED
Membership Units
Maximum Number of Shares Offered subject to adjustment for bonus shares
ALL UPDATES
06.06.22
Note to #Picasso Followers: StartEngine Collectibles Now Accepts International Investments and Investments from Washington and New Jersey
StartEngine Collectibles is now accepting investments from Washington and New Jersey as well as from international investors. If you are an investor from WA or NJ and were not previously able to submit an investment, now you can!
Simply complete your investment flow as you normally would and our team will handle the rest!
We truly appreciate your patience and hope to have more updates soon.
This Reg A+ offering is made available through StartEngine Collectibles Fund I, LLC. No broker-dealer or other intermediary is involved in this offering. StartEngine Collectibles Fund I, LLC is not currently accepting investments from FL and TX.
REWARDS
JOIN THE DISCUSSION
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Liz Dolinski
24 days ago
Given the provenance of this piece (part of the stolen collection), what can you tell us about the current ownership of this piece? I’d like to understand the final result of the lawsuits regarding the collection to determine if the person selling this is in a strong position to claim legal ownership or if the lawsuits are still open and there could be a future determination by the French courts. That seems to be a huge piece of missing information in the description that is relevant for investors.
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Lucas Kane
2 INVESTMENTS
a month ago
What happens if this does not reach its funding goal?
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Chris Morris
6 months ago
Can I buy shares and set up an account for a friend as a Christmas Gift? Think it would be cool to gift someone an authentic Picasso....even though it might not make the fireplace mantelpiece in her home.
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MSari Hubbard
1 INVESTMENTS
a year ago
How do you determine when the "Time Comes" to source a buyer? Do investors have the opportunity to suggest a buyer? What goes into selecting this buyer? Do the buyers reach out to you first? If they do what happens? Or is it a one-way street. You do sort of a headhunting, then you make a pitch to them of some sort to convince them its a great investment? And make a sale? No auctions? like one member suggested? Is it one buyer or multiple buyers for one piece to insure the art gets sold. Will multiple pieces get sold at the same time? Thanks for some insight.
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Jose Pena
10 INVESTMENTS
a year ago
Hi there, I did a little investment on the Picasso's art but I can't see where is my investment, can you please guide. Really appreciate your time.and effort in advance.
Regards
JP
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William Brown
17 INVESTMENTS
a year ago
Try that again. More investors is a good thing! Thanks for the update.
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William Brown
17 INVESTMENTS
a year ago
That's great! More is better investors is a good thing.
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Sonya Mayer
a year ago
Instead of selling to a buyer, you should hold an auction. There are a lot of big art dealers/ collectors who would love to own a recently discovered unknown Picasso.
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Andrew Parkyn
a year ago
Can you please explain why StartEngine Collectibles Fund I, LLC is not currently accepting investments from WA, FL, and TX?
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
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Namo Safideen
12 days ago
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