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art masterpieces. as of april 2008, the highest auction price for a contemporary painting was $72.8 million,?
paid in 2007 for Rothko's White Center. The same painting sold for about $10,000 in 1960. a) find the exponential growth rate k, and determine the exponential growth function that can be used to estimate V(t), the painting's value, in millions of dollars, t years after 1960 b) estimate the value of the painting in 2012. c) what is the doubling time for the value of the painting? d) how long after 1960 will the value of the painting be $1 billion?
Is this a math question?
I'm sorry, but I highly doubt you're going to get many answers! You should describe what you're REALLY asking here!
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Joyner Canadian Fine Art Auction, 27-28 May 2008
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