Saved Help Save Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, a sculpture was sold at auction for a price of $10,321,500. Unfortunately for the previous owner, he had purchased it in 1999 at a price of $12,367,500. What was his annual rate of return on this sculpture? Multiple Choice -4.42% -3.98% -5.00%