Digital Social Hour - Legacy Media is Dead: Rise of the Podcast Era | Daniel Allen Cohen DSH #736
Episode Date: September 19, 2024🔥 Legacy Media is Dead: Rise of the Podcast Era! Dive into this electrifying episode of the Digital Social Hour with Sean Kelly and renowned artist Daniel Allen Cohen. Don't miss out as Daniel shar...es his journey from creating thought-provoking art pieces to navigating the ever-evolving world of podcasts. 🎨✨ Join the conversation as we explore the demise of legacy media and the unstoppable rise of podcasts. Tune in now to discover how Daniel is leveraging his artistic flair and storytelling prowess to captivate audiences worldwide. Packed with valuable insights, this episode unveils the secrets of building meaningful connections in the digital age. 🎙️ Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 Don't miss a beat—join the revolution and be part of the next media wave! CHAPTERS: 00:00 - Daniel Allen Cohen - Intro 00:40 - Addiction to Consuming Content 02:12 - Periodic Table of Drugs 04:10 - Identifying Early Artist Success 06:15 - Why Artists Should Collect Art 08:17 - Art as an Asset Class 08:53 - Art and Money Laundering 12:24 - Moving to Miami 13:17 - Most Expensive Art Piece 17:37 - Digital Art Discussion 19:34 - Biological Dentist Detects Cavities 21:00 - New iPhone Update with OpenAI 22:00 - AI's Impact on Industries 23:10 - AI's Impact on Language Barriers 25:15 - Elon Musk on Apple's OpenAI Integration 26:46 - Freeports: The Greatest Museums 27:51 - Art Differences by Country 29:19 - Disney and Robin Williams' Picasso 33:10 - Daniel's Instagram APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: Jenna@DigitalSocialHour.com GUEST: Daniel Allen Cohen https://www.danielallencohen.com/ https://www.instagram.com/thisisaddictive https://www.facebook.com/thisisaddictive/ SPONSORS: LinkedIn: https://linkedin.com/social Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
Transcript
Discussion (0)
School is to sell a piece and break six figures.
Nice.
Getting close, but it takes time.
I'm not in a rush.
It's a journey.
I love that mindset.
A lot of people try to rush that.
You can't.
You got to be patient.
Yeah.
I mean, it comes.
Things that rise fast just can fall as fast.
I mean, you look at certain things in crypto and stocks,
that's like the biggest red flag is if you have a hockey stick,
you shouldn't be-
Slow and steady wins the race.
Exactly.
All right, guys.iel alan cohen here he has made this beautiful piece for me right here it's my favorite art piece i own man thank you so much and thanks for coming on thank you man
it came out great i'm very happy with it uh and today more than ever people are addicted to
consuming content and podcasts and you are just nonstop crushing it.
So it couldn't be in a better spot. Yeah. Yeah. Podcasts seem like the new, really mass mainstream
media consumption right now. Legacy media is dead. Yeah. You are doing the right thing at the
forefront and I'm having to do the same thing, create my own content, tell my story. That's
what people are attracted to today more than ever. Right. Cause before you were probably behind the
scenes a little more kind of doing pieces for like celebrities, but now you're taking a step back.
I looked at it that same way.
I didn't see Phil Knight on the face of Nike.
The CEO or the owner isn't at the forefront of their brands,
their content and their storytelling is.
So I liked that, but now people want to actually know who I am.
They want to know more about me.
We have these opportunities to build these parasocial relationships with the people,
whether it's on a reality TV show or through the lens of social media, where you can get to know
someone. Dan Fleischman obviously is like the hugest preacher of this and made an impact on me
to actually take the leaf, built the confidence and, and, uh, start sharing my own content,
my story through social media. And it's, it's a little bit different. Like I am not my
artwork. I am not, this is addictive. It's not like an alias. So it's, um, it was a little bit
of a change, but I'm glad that I'm doing it. Yeah. So you've tied the two together then rather
than keep it separate. I have my personal Instagram, which is about me, but I think a lot
of artists kind of have a little bit more where they want to share their story there behind the scenes.
It's not very much integrated, but I have tried to bring that two together for sure.
There is a bridging of the gap that's happening there.
Nice.
And where did the periodic table, our idea come from?
It started actually in 2000 and probably 15.
What preceded this was the nutritional fact label.
And I started stripped that and did narcotic facts.
And that was extremely successful
because it was something that was familiar
that people had seen before,
but it was the subtle twist.
And no one really reads that.
No one's caring about what they're consuming in their body.
I mean, more people today now are,
there's a little bit more conscious awareness of ingredients.
People are actually reading that label,
but before, not as much.
Hell no.
Yeah, so that was what started things.
And that just was extremely successful.
2015, started selling pieces for 250, 500, 750, 1,000,
started getting gallery representation,
and it kept growing and building.
And then after that kind of sold out
and had success with that, it was like, what's next. So I did the periodic table of
elements, but the periodic table of drugs and those debuted in 2017 first nine pieces at scope,
which is an art fair during art Basel, um, during art week in Miami and, um, just crushed it. Grand
Sam out of the park, uh, auctioned it Or how does that work? So at a fair like that
they're available. It was an addition of three.
There was three collector sets. Stole out of
all three of the collector sets. Wow.
Opening week. And then just
I had them also a la carte. So individually
if someone just wanted one or two or three
they could buy them by themselves.
I didn't want to force people to buy all nine.
And then there's some collectors that bought nine
and I released more and they bought more and I released more and they bought more.
I released more and they bought more.
So they kind of got addicted to the art collecting process as well.
So it's, I mean, people are addicted to everything today, whether it's surfing or tennis or paddle or things like sugar.
So there is some elements to the truth of like what we're actually consuming. Um, and that
connects to the work. Yeah. I've never been able to identify why certain artists pop off,
but being in the space, are you able to catch these guys early and see their trajectory
in advance? I mean, there's things that flop. I mean, I have, I have great, some great concepts
that I'm working on that are tied into AI, but it might just to be too early, um, with certain elements, the same thing. Like I might
just have created something before people actually fully understand it. And, um, which is fine. Like
things take time. I'm patient. Right. Some artists don't pop off till they're dead. Exactly. Which
is crazy. Yeah. I'm sure there's some of my collectors want me dead. So the value goes up.
Yeah. I noticed that's a thing, right? It like triples overnight when you die.
Yeah, for sure. There's, uh, I I'm not going anywhere though. I'm, I got a long legacy to
live. I'm just getting warmed up. Yeah. Do you collect other artists stuff?
I do. I think that it's actually a duty and diligence that artists.
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Have to collect art.
It almost should be a prerequisite.
Wow.
Because if you expect people to buy your art
and invest in you,
you got to show the reciprocity and you got to collect from other people as well.
It's like, why not?
If you have the expectation that you're only expected to receive, you have a short-sighted mindset.
You've got to give.
You've got to either trade artwork with your other artists.
I mean, that's the majority of the artwork that's up in my house is artwork that I traded with others.
Oh, that's cool.
Yeah.
That's actually smart.
Bartering is the newest currency today. I love bartering. Same. I love bartering too. Whether
it's places to stay, things to do, experiences, it's the best form today. I've saved so much
money bartering for hotels and cruises and travel. Oh my gosh. And restaurants. Yeah. Like literally
might be six figures at this point. Yeah. It's great. And people today, especially depending on how much social clout you have that can add so much value in the bartering process too.
Yeah.
Trading for a post or trading for a travel plan.
So it's awesome.
It's cool to see you acknowledge that because some artists are so like protective of their work and they're not willing to barter because they just want money or whatever.
You got to give. Giving is so infectious i i genuinely enjoy giving i i was going to make
this piece with zero expectation and the the value of when an artist can do and be selfless
and just give without having any expectation of return is great things can come it might take
some time but like someone's going to see this piece in a year a month two
years from now and there's going to be maybe a follow and a conversion it's going to lead to
something somewhere right you got to believe that it is but um if you don't take that shot to
actually uh make that investment into building that relationship with someone by using your
artwork for for the means of giving people joy or happiness or uh sharing your work for other
people enjoy you're not going to eventually grow and growing is everything you got to go of giving people joy or happiness or sharing your work for other people and joy,
you're not going to eventually grow.
And growing is everything.
You got to grow or you got to go.
Right.
And art seems to, like the good art at least,
seems to appreciate a pretty substantial rate from what I've studied.
Yeah.
The art, traditional fine art world,
the blue chip art world,
has pretty much outgrown every asset class that's out there. It's beaten
the stock market. It's beaten- Even crypto?
I think so. That's one thing it could might not, but there's so much volatility in crypto.
With art, you have a lot of manipulation. It's one of the last industries that's really
kind of not really regulated. You have some regulation with kind of like having to know who your buyers are.
And what do you mean by that? So there's, there's something that with is within the art world. And
it's so there's AML, which is like the anti monitoring, anti money laundering. And then
there's the KYC, which is know your customers.
Crypto has that too.
Yeah, KYC, know your customers.
So auction houses, dealers now in certain countries have to know who their customers are so that they –
It's not like a mafia or something.
Exactly, yeah.
Trying to money launder.
I mean, notoriously, art has been a means for money laundering, which is great.
Diamonds too. I mean, diamonds is great. Diamonds, too.
I mean, diamonds have funded plenty of wars over history.
Right.
And art, I wouldn't say, has done the same thing.
But there's been crazy situations in art like the piece by Da Vinci, Salvador Mundi.
You've recognized it.
Yeah, I probably recognize it.
So in 2005, this piece was bought
at an estate auction for ten thousand dollars that's it yeah it's why was it so low it they
couldn't verify that it was real at the time so they so they couldn't verify that it was real at
the time so they went through a few years of restoration in 2013 the piece sold by a swiss dealer for 75 million after
it was like holy crap he flipped it the same year to a russian billionaire for 127 million in 2017
it sold at christie's for 450 million damn half a bill that's nuts yeah 10 grand to half a bill
my friend has the biggest boskia collection in the world. Similar story.
This girl was selling it for thousands because she couldn't verify it and she had like hundreds
of them. She charged like a couple thousand each. The company that was verifying his work no longer
existed. So he had to go to the FBI, get forensic analysis on every single piece. They were all
Basquiat pieces. So it's the biggest collection in the world. There's a lot of diligence provenance that has to go into the secondary market world because historically there's been so much fraud.
And so it's hard to like legitimately verify, especially after some of these people have passed away.
Like who are these custodians and duties, a part of the estate that are going to verify things when there's just, I mean, you look at some of the things
that are coming out of China, just perfect replicas.
It's hard to legitimately justify what's real and not real today,
especially in the art world.
Most Chinese, man, they know how to duplicate everything.
I mean, there's other countries.
Turkey, too, is really good.
I mean, Turkey's legendary with the luxury handbags.
I went into a spot in Turkey,
and you walk into what looks like a silk shop,
and then you go behind the scenes,
and that's where all the Birkins are.
And these Birkins are...
It's one-to-one?
I know people that have bought in Birkins,
and then they flipped them on the real real.
No.
The real real couldn't even verify that they were fake.
Holy crap.
That good.
Yeah.
So, yeah, turkeys on another level too with their replicas.
I've seen Rolexes one-to-one these days.
Yeah.
Like even the weight because that used to be the easy tell,
the weight or the movement.
But no, they're so good these days.
Yeah.
A lot of – it's wild.
I know you see guys flexing watches and you're like – Yeah, you always question like yeah you always question it i mean there's certain guys that have one real and one fake and they wear
the fake one out which makes sense if it's a five hundred thousand dollar watch uh if you get robbed
here you go yeah exactly in places like los angeles san francisco absolutely like that's the smartest
thing that you could possibly do yeah i would never wear a watch in one of those cities where
do you live at i moved moved to Miami nine months ago.
From LA?
Ten months ago from LA, yeah.
It was time to go.
LA is, you know, my home.
Born and raised in Southern California.
Loved it there, but there's so much growth happening in Miami.
It's one of the best places to be.
I kind of describe it as like the first day of school.
There's so many people that have been there after the pandemic that everyone's so welcoming and inviting.
That's so unique. It's kind of like what LA had, you know, in 2010. Especially for art.
For art. Right now, there's not a lot of growth for art in Los Angeles. In Miami, you have
tons of empty walls. So people are wanting to buy art in Miami. And my art really resonates
with the Miami culture. It's about luxury and consumerism.
People want flashy stuff. That's going to get attention. You know, people see it on the wall.
It's going to spark a conversation. That's some people want decoration. Other people want things
that are going to have that impact. Yeah. Have you ever done an art Basel activation? I have.
Yeah. So in the most immersive art Basel activation that I did was in 2019, I created an immersive chemistry classroom. It was after Albert Hoffman, the guy who synthesized LSD. It was the Albert Hoffman University. So there was two desks, school desks with notepads, backpacks. There was a professor's desk. It was the debut of the periodic table of drugs. So there was chemistry equipment, lab coats uh whiteboard uh it was a very
fun experience but i've been showing out there since 2016 um started at scope which is one of the
very cool emerging uh art fairs that's on the beach on south beach had two great first years
there was the gallery's best-selling artists uh out of you know probably like five to six artists
which is good you know like for my first years And then was very lucky to make my way into two other art fairs called Context and Art Miami,
which are some of the leaders ones. They're, you know, in the commercial space, they're at the top.
There's, you know, Art Basel as an art fair is in its own league. It's blue chip,
it's secondary market, it's artists that are really thriving um but it's it's institutional art
where art miami is artists that are creating very cool contemporary art that has a commercial appeal
that's uh that people are interested it's relevant art yeah um so i've been showing there for for
since then and just always growing doing new things um this year have a cool concept we'll
see if it comes together though nice i've seen some crazy shows out there. Yeah. People spend a
lot of money on their shows, man. Yeah. Yeah, absolutely. And people spend a lot of money on
art out there. It's really like the last, uh, hurrah for people at the end of the year. Um,
you know, they, before new year's, before the holidays, they go out there with a bang and
some people have those champagne problems where they need to burn a little bit of money and they don't want to tax
right off exactly it's a tax that's one of the best things about buying art is some there's some
amazing companies out there um microsoft ubs that have these massive art collections they started
buying and their collection started appreciating but you know a little bit of a tax write-off
because they're putting up in their offices it's creating decor uh but but you know, it's a little bit of a tax write-off because they're putting up in their offices, it's creating decor. Uh, but at the same time,
it's a tax write-off for them too. That's brilliant. Cause it's an asset too. They could
probably take a loan out against it if they ever needed to. Yeah. Depending on the right artwork,
they absolutely can borrow against it. No, my, my friend who has the Basquiat collection has
done that with his pieces and he'll get like pretty good deal on it too. Yeah. And there's
obviously other ways like fractional ownership too, which i'm not the biggest fan of like uh masterworks
that it's an interesting model they sponsor a lot of shows they do i'm not it's a lot of fees a lot
of commissions yeah that's how they make their money though right yeah it is a business at the
end of the day but i i just don't like the idea of owning something that i can't look at every day
and enjoy
and see yeah i'm gonna own a piece i want it in my living room yeah and most of the artists that
are on there are dead um and i think that it's a duty for people if they're gonna buy art to buy
art from emerging artists uh and support up-and-comers um be patrons like back in the day
the the royal families were the patrons of some of the artists and back then it was that was all the culture is um art so um it's good to support art makes you
feel good right gives you good feelings and um you know that's you get to surround yourself with uh
with what makes you what you enjoy yeah absolutely what's the most you've seen an art piece sell for like mine uh yours yeah but also just in general um well
that that piece that we talked about before the salvador money is actually holds the record oh
yeah um and then but then you have other artists like jeff coons who i think has the most uh he
has the most auction he has like the highest auction record consistency.
I think Damien Hirst might be one of the wealthiest artists.
So there's a lot of artists that are alive today that have had a lot of
success for me.
My next goal is to sell a piece and break six figures.
Nice.
Getting close,
but it takes time.
I'm not in a rush journey.
I love that mindset.
A lot of people try to rush that.
You can't,
it's you to be patient.
I mean, it comes. Things that rise fast just can fall as fast.
I mean, you look at certain things in crypto and stocks, that's like the biggest red flag is if you have a hockey stick, you shouldn't be.
Slow and steady wins the race.
What do you think of digital art?
I'm all about it.
I mean, I was early into the NFT space in 2019
with Nifty Gateway, did a release with them.
And no one was even paying attention
when I was doing posts that I was on there.
So I just did it because I was an early adopter into crypto
and I wanted my art in the blockchain.
Yeah.
And then now with AI, I'm using AI to create very cool artwork.
So I'll show you some stuff after this that I'm working on.
It's very exciting.
Dude, AI, I got a crazy story about it. Finish that.
Yeah, it's just in general.
There's people who are resistant to it,
and I think that that is when you see the resistance
that people have to newness like that, I lean into it.
Yeah.
Like I,
I know that that's the sign of there's something here.
But if an artist is starting out and is just doing all their art in AI,
it's a little different.
If you're already an established artist or you've kind of made a name for
yourself and you're using it as a tool,
I think that's a little different,
but the context is everything.
It's, and you're using it as a tool, I think that's a little different. But the context is everything. You can't just use it without having some connection.
Use it for inspiration, not to copy, paste.
Yeah, to a certain extent.
There's so much that you can use it to discover things.
Like you said, get inspired by something
you would never see before
right that's what i love about it the things that it spits out it's nuts i've seen some really cool
tattoos lately from ai actually wow i didn't even think about that yeah no these tattoo artists are
just people are literally coming up with ai photos and then bringing it to the artist and like yeah
paint this on me yeah it's nuts and now the these little videos that are coming too, the software that's able to generate
like five second little short videos out of it is insane.
Oh, with the clips, yeah.
Yeah.
Yeah, those are definitely gonna save
a lot of people time and money.
Yeah.
But dude, so I go to this biological dentist yesterday,
right?
A biological dentist?
Yeah, it's like a preventative dentist
because most dentists that we've gone to are Western
and who knows what they do, but-
Fluoride.
Yeah, fluoride.
First hour, they're taking photos of my mouth.
I'm like, what the hell, dude?
This is crazy.
All of a sudden, they put a computer screen in front of me.
All my photos are there.
They put it in an AI and it determines how many cavities I have.
What?
Yes, nine cavities.
So I'm like, holy.
That you currently have?
Yeah, because they're able to detect them super early because of the AI.
If a doctor were to manually look at it, they might have not even spotted it.
So nine cavities.
Not only that, it looks at your gum.
I had two bacterial infections, which no one would have ever known that.
And they told me I needed my wisdom teeth out because of the AI.
So that's where the future of AI has gone.
Don't take out the wisdom teeth.
You don't think so?
No.
There's people who believe that the wisdom teeth is something symbolism.
Why is it called a wisdom tooth?
It's like, there's like a connection that people believe that the people who have them
have like superpowers.
Ooh.
Well, agreed.
But mine's actually like causing the bacterial infection because there's a gap.
Yeah.
So I kind of need to.
That's not fun.
Dentist.
I was at the dentist yesterday and it's luckily just for like a routine checkup and cleaning
in Los Angeles, but it's not a good place to be.
I'll never go to western one again so when they fill in cavities there's forever
plastics in them so i go to a holistic one now that fills them in naturally amazing yeah there's
a lot of stuff you got to look out for in the medical space yeah but the technology of ai is
like it's crazy especially i mean have you talked to anyone lately about the new iPhone update?
With OpenAI integrating with iPhone? Oh, it's integrated now?
Yep.
They just announced it.
And Siri is now going to know so much about you.
Whoa.
It's using, so once you update, if you have the 15 and you update, it's different than if you have like a 14 or 13 or prior.
But it knows all of your text messages, all of your photos.
What?
All of your browser history. So it can, all of your photos, all of your browser history.
So it can, all of your scheduling. So it is a next level assistant. And the fact that it can, is now going to integrate with open AI is going to take things to a whole new level.
I've seen people, they don't even answer their emails anymore. AI does it.
I saw that post on the account that people are getting dummy phones for that same reason,
because they don't want social media.
They don't want technology.
They want to simplify things.
They want a simpler life.
Yeah, social media detoxes.
People are doing that more than ever.
It's just like cutting out social media and technology for days, weeks, months because they need a break.
There's a lot of industries that will impact.
I think for someone like you, you'll be pretty good though.
Yeah.
Because you have so much just hands-on talent
that it'd be almost impossible to.
Yeah, creatives I think will continue to thrive.
Creative artists, there's only so much
that AI can actually take away from us.
We're always gonna need culture,
always gonna need creativity.
Right now it's struggling.
There's certain things that I can't do, but I'm using it to as much as I can to my advantage. Dude, I'm using it to like
find podcast guests in new cities. I'll be like, I'm going to Miami. Give me a list of 50 interesting
guests that live here. And that's how I plan my guests out. It's crazy. I'll literally say,
give me the most 50 most viral guests here. I'll go on YouTube, see who gets the most views. Give me a list of 50 people. Has anyone done a podcast with AI?
Probably.
Yeah.
But I don't know if it's advanced enough yet.
Be an interesting conversation.
I did see a video of the two people
that were having the AIs talk to each other
and they didn't know they were talking to each other.
Interesting.
Yeah, it was a fascinating video
where they couldn't,
they were just discussing random things about each other.
The 4.0, the newest version, is on another level.
Yeah.
Especially with language and translating language.
It's going to make things so easy when you go to foreign countries
and you just give someone another earbud
and you could just have a full-on conversation with them
because it's just constantly translating the conversation for you i can't wait for that
because now we could go to whatever country we want and you know do business yeah because right
now language barrier yeah so we're segmented language barrier is one thing but intercultural
business is a whole nother thing you know there's i think that's one thing that people don't actually
fully understand is you go to a different country.
They do business a whole lot different here than they do in China.
In China, it's all about getting to know people.
You don't talk about business until the last part.
Really?
Yeah.
Oh, shit.
They want to build trust.
They want to get to know you.
Intercultural business, the class that I took was fascinating because you understand it's like here in the U.S., it's like just straight to it.
It's like here in the US, it's like just straight to it. It's like dating. It's like, but not, you just skip the date and you just go straight to the
bedroom in business here. Where there they're like, let's slow down. Let's get to know each
other. Let's date a little bit. And then we'll talk about business in the end. Once we can
establish that they can trust each other. And that's so special when, and I think more people
are kind of starting to pick up on that today than ever is, you know, using their intuition to kind of see if the people that they're wanting to do business with actually has like good intentions or what they are and just not cutting straight to the chase.
I wonder if AI can predict the next art trends.
That'd be interesting, right?
I think it, I don't know if it could.
Art is so subjective, but I do think that maybe, you know, there is, obviously, it's going to continue to get smarter and aggregate more and more net and see track sales and history and see who's doing well what are the search results what are the cues google this that and and be able to figure out who could be the next
artist that can rise up yeah so i think we're probably just a few years away from that crazy
there's a lot of really smart people that think ai might take over the world i mean elon musk
definitely does he tweets it a lot yeah he's concerned. He was pissed with Apple integrating with OpenAI, right?
Yeah, he said that he's going to not allow employees to have iPhones that work at Tesla, SpaceX, all of his companies.
That'd be a tough life, man.
I love my iPhone.
You don't work for Musk.
I'm on it eight hours a day.
I looked at my screen time.
I'm like, holy crap.
But I'm working on it, so it's different than most people eight hours a day. Yeah. It's just consumption for you. It's a little different.
You're, you're, you're not consuming, you're creating, you're, it's a part of your business.
I'm networking, creating, yeah. Fostering relationships. I'm never consuming actually.
Or if I am, it's to seek out a interesting guest or something. Yeah. So the, the, I think the
context in that situation is everything. If you were just sitting there scrolling and swiping, am it's to seek out a interesting guest or something yeah so the the i think the context
in that situation is everything if you were just sitting there scrolling and swiping and just
wasting time absolutely i'd be depressed because i used to do that when i was in college yeah and
i was depressed i mean a lot of people they they try to understand the work and i describe it as
when when you wake up in the morning what's the first thing that you think about?
It's your phone, social media.
Facts.
It's not, I need water.
I need oxygen.
I need to get some sunlight.
I need the elements.
These are the things that we're addicted to.
These are the elements of today.
It's coffee.
It's sex.
It's money.
It's hustle.
These are the things that are driving us, the elements.
And you create these reactions of all these things together
and it becomes who we are. Absolutely. Talking about Freeport.
Freeports. Well, Freeports are like the greatest museums that no one can visit.
They are these little tax havens, almost like purgatory for art where,
like for example, there's a Freeport, uh, most famous one is probably in Geneva.
It has over 1.2 million art pieces that are just currently being stored there.
Wow.
And if there's an art piece there and I buy it and I sell it to you, I won't get taxed.
You won't get taxed as long as it stays there.
And if you sell it to the next person, they won't get taxed.
Interesting.
So it's a little loophole in the art world where people can find ways.
Avoid sales tax.
Avoid income tax.
Avoid capital gains tax.
And the benefit isn't just art.
It's wine.
It's gold.
It's diamonds.
It's anything valuable.
Freeports can hold.
It's kind of like this in-between.
But once it goes from the Freeport to your house, that's where that person is going to have to claim and make some money.
So then you have to claim income tax.
But if you're just doing it as an investment, it makes sense.
Yeah.
There's Singapore, Delaware, Luxembourg are some famous ones.
But, I mean, you can only imagine the type of work that's in there.
Some of the best work is just hidden in crates.
Interesting.
How does the art differ from country to country um culturally there's there's obviously a lot different uh in
some of like the main you know market countries you know your london's your your italy's over in
europe historically there's such a great rich history of of iconic fine art and renaissance
art the thing not enough people actually do a good diligence
on studying art history,
especially in like the fine art space.
Here, we're focused on like a little more new art.
We do have an appreciation of it,
but it's contemporary is what's cool right now.
There's, you know, people go into museums
like the Metropolitan Museum in New York
and it's a lot of old art.
They have no idea who the people are on the wall.
So I actually thought of this idea, and I'm trying to come up with a contemporary art museum that I'm using to create these contemporary pieces that are a twist.
So it's juxtaposing the present and the past.
But country to country, it all varies.
And house to house,
it's all subjective. I mean, someone that goes into one place might just want art that's purely decoration. Some other person might want to have artwork that's very provocative. So it's all case
by case, country by country. Absolutely. I saw here Disney gave Robin Williams a multi-million dollar Picasso painting.
The story of that's quite fascinating because Robin Williams, he was at the top of his acting
career when Disney approached him to do the voice of the genie for Aladdin. And at the time they
were just getting started in like their, their animation, uh, for, for cartoon movies. And they were not making any
money off of, you know, merchandising through games and toys or theme park stuff. So they go
to him and they, they had obviously other, uh, options and they offered him $75,000, which was
a huge haircut from what he would normally get paid. He agreed with the, under his agreement, that they would not, I think it was,
there were some restrictions around merchandising
and toys and all this stuff.
Long story short, the movie crushed it.
It was their biggest box office.
They expanded to the theme park stuff.
Toys took off.
Aladdin was the biggest movie in the 90s.
And really put them in a whole trajectory for Disney and theme parks.
It was the biggest growth period for them after that movie.
Because he kind of got a little frustrated and made a lot of noise and ruffled some feathers.
Because rightfully, his agreement was not the best.
And so they sent him a $1 million original Picasso painting as a gesture to say thank you for, which is a nice gift.
Thanks for making us 500 million.
Here's a million.
Exactly.
Here's the little million.
And who knows what that piece is worth now,
especially with that story.
It's a cool, cool piece.
Yeah, I wonder if he kept it.
His family probably has it, RIP.
Yeah, that's a sad story.
Yeah, I know.
Especially knowing that one movie where,
uh,
what was that movie where kids were killing themselves and he was like the
teacher.
Oh yeah.
Yeah.
Just after seeing that and then it actually happened.
Crazy.
Right.
Yeah.
Not a lot of people know he,
he had a love for Coke.
He really,
yeah.
I would have never expected that.
He had his issues with substance abuse.
Wow.
Yeah.
And,
and yeah.
And people don't know that exactly.
People have their demons.
You look at him and you think,
this guy is funny.
He's happy.
He's successful.
He's a great artist.
And literally leading as an artist
in the acting space in Hollywood at the time.
But he had his skeletons in his closet
and one of them was Coke.
Dude, you and I know a lot of public figures and oftentimes they have a lot of
mental issues or demons or whatever.
I think that's what people need to actually be more open and communicate,
you know, the,
the conversation about mental health and awareness through addiction,
through therapy.
And there's so many options today where people can get help and seek help.
It's a serious thing.
The Instagram versus reality, the perspective of how people view things is shockingly different
and people need to invest more into their mental health and do the smallest things.
I mean, I had the pleasure of meeting Gary Brekka, who I know is one of your guests and
he's fucking brilliant.
I asked him at Damon's mastermind.
What are a couple of things that these entrepreneurs can do that are free,
that,
that can help them with the stress that comes with being an entrepreneur.
And he, I mean, you could obviously rewatch this episode.
He preaches it all the time or any of his content, which is get sunlight,
do breath work, get into a cold shower, a cold plunge, ground yourself,
touch the earth, get good sleep,
which is, is like, seems like it's common sense, but no one actually takes the time to build some
of these habits into their life, which is going back to the elements of the periodic table,
oxygen, water, you know, the earth, the electrical charge of the earth that are all these things that
can actually help us and give us a little bit of a balance in
our day-to-day, which is so needed. Absolutely. Daniel, anything you want to close off with?
No. I had a great time. Enjoy the art. Anyone that is interested in wanting to learn more about me,
I'm just on Instagram. This is Addictive, DanielLongCohen.com, Daniel Long Cohen on Instagram.
Perfect. Link below. Thanks for coming on, man. Absolutely Instagram Perfect Link below Thanks for coming on man Absolutely thank you
Thanks for watching guys
Hope you enjoyed that one
I'll see you tomorrow