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20. Dealers estimate that Bernard Greenhouse, a world-premiere cellist of his time, paid $100,000 for his Stradivarius cello in 1957. The cello, also known
20. Dealers estimate that Bernard Greenhouse, a world-premiere cellist of his time, paid $100,000 for his Stradivarius cello in 1957. The cello, also known as the "Countess of Stanlein" was crafted in Italy by Antonio Stradivari in (or around) the year of 1707. Greenhouse passed away at the age of 95 in 2011, leaving the cello to his daughters. The daughters ultimately decided that it was too expensive to keep the cello (insurance, inheritance taxes, etc.), and put it up for auction in 2012, hoping that it would sell to a deserving musician. According to the rare instrument dealer that handled the sale, the purchase price was "a fair bit above" the minimum bid price (which was $6,000,000). Assume the cello sold for $7,000,000. The pre-tax ROR earned by the family is closest to... The details of this true story were told on the television show, Strange Inheritance. a) 2.71% b) 4.28% c) 4.74% d) 5.7% e) 5.87% f) 6.72% g) 8.03% h) 21.54% i) 70.00% j) 7,000.00%
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