Vincent Van Gogh’s painting “Irises”. John Whitney Payson bought the art at $80,000. John sold the art at $53.9 million in 40 years. What is the rate of return on John’s investment?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
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Chapter16: Real Estate And High-risk Investments
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Vincent Van Gogh’s painting “Irises”. John Whitney Payson bought the art at $80,000. John sold the art at $53.9 million in 40 years. What is the rate of return on John’s investment?

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