Question: In 1995 an anonymous private collector purchased a painting by Picasso entitled Angel Fernandez De Soto for $29,152,000. The picture depicts Picasso's friend Desoto seated
In 1995 an anonymous private collector purchased a painting by Picasso entitled Angel Fernandez De Soto for $29,152,000. The picture depicts Picasso's friend Desoto seated in a Barcelona cafe drinking absinthe. The painting was done in 1903 and valued then at $600. If the painting was owned by the same family until its sale in 1995, what rate of return did they receive on the $600 investment?
Step by Step Solution
3.32 Rating (164 Votes )
There are 3 Steps involved in it
P 600 F 29152000 n 92 yea... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
7-B-E-M (89).docx
120 KBs Word File
