Had the seller accepted the bid what would his return have, Financial Management

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Had the seller accepted the bid what would his return have

In 1995, Christie's auctioned the William de Kooning painting Untitled. The highest bid of $1.95 million was rejected by the owner, who had purchased the painting at the height of the art market in 1989 for $3.52 million. Had the seller accepted the bid, what would his return have been?

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Financial Management: Had the seller accepted the bid what would his return have

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Financial Management: Had the seller accepted the bid what would his return have

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