In 2017,Salvador Mundi sold for a record of 450.3 million. In 1958 it sold for 125 equivalent in purchasing power to about 1060$ at 2017 prices, The painting was commissioned by king louis in about 1500.Wall street general guesstimated that the king may have paid Leonardo the equivalent of 575000 in 1519
1)What is the annual rate of appreciation in the price of the painting between 1958 and 2017 adjusted for inflation?
2)What is the estimated rate of appreciation in the price of the painting between 1519 and 2017 adjusted for inflation
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In 2017,Salvador Mundi sold for a record of 450.3 million. In 1958 it sold for 125 equivalent in pur...
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