Bassanio approaches the caskets. He recognizes that ugliness is often concealed by outer beauty and refuses to be deceived by outward appearances. He thinks aloud that cowards often have heroic facades, and women who appear beautiful are often gilded peacocks. As a result, he refuses the silver and gold caskets and opts for the lead one. Opening it, he finds a picture of Portia, which he thinks is far inferior to the original. He kisses Portia and praises his good luck.