In 2018 US Dollars, how much was Picasso's painting sold for in 1912?
score:3
Accepted answer
The painting was sold for about $63,250 in 2018 Dollars, and the exchange rate was about 5.2 Francs per Dollar.
I stumbled upon this site containing exchange rates data for the Japanese Yen from 1893 to 1926, and it thankfully includes both the French Franc and US Dollar.
In 1912, one Yen equated to about 2.6 Francs, and 100 Yen equated to about 49.5 Dollars. 1 Yen = 2.6 Francs = 0.495 Dollars, which means 1 Dollar in 1912 was about 5.2 Francs(this is about the same as the 'historicalstatistics' estimate).
So, 12,650 Francs is about 2,432.70 Dollars in 1912. Assuming your $1 → $26 estimate is correct the painting was sold for about $63,250 in modern bucks.
For perspective of what 'the most expensive painting' at the time really means: $2,432 was roughly the cost of a decent house, or about 120 weeks of wages for blue-collar workers(like bakers or carpenters).
More post
- 📝 Are there any Ancient Greek texts showing concern for the fate of their slaves?
- 📝 Why didn't the WWI Allies attack through the Vosges Mountains after 1915?
- 📝 What was the function of the walls of Jericho?
- 📝 What are some early examples of local businesses advertising?
- 📝 How high the death rate on the Berlin Wall compared to other borders?
- 📝 Who was included in the "Moors" of Spain?
- 📝 What was the effect of the Panic of 1837 on financial/banking policy?
- 📝 Has there been other settlements in occupied territories in recent history?
- 📝 The Roman Legion Strength
- 📝 When did people decide that all caps means the writer is shouting?
- 📝 Why did China decide to support Poland in 1956, but not Hungary?
- 📝 What role did Jews play in the Punic Wars?
- 📝 How to decode / read US Veterans Bureau Form 7202?
- 📝 A question about the definition of heresy (13th. C)
- 📝 Why was the Bay of Pigs invasion unsuccessful?
- 📝 How did Poland avoid partition in the 17th century, but not the 18th century?
- 📝 What was the military equipment of a soldier of the Cholan Empire at its peak?
- 📝 Why was the FSSF (Devil's Brigade) multinational?
- 📝 Did the Soviet military in fact fear that the Space Shuttle would be used as an orbital bomber? If so, why?
- 📝 What were the alleged crimes that Conradin, King of Sicily and Jerusalem, was accused of?
- 📝 In 1947, how many Reichsmarks would 1 U.S. dollar buy?
- 📝 What is the source of this quote about Demosthenes by Philip II of Macedon?
- 📝 Did the Mexican province of Nuevo Mexico have its own provincial flag?
- 📝 Did Hitler plan a war with his allies?
- 📝 How did ancient cultures identify a new moon when it can never be seen?
- 📝 Did Democritus of Abdera, Thrace accuse the Jews of sacrificing Greeks in their religious rituals?
- 📝 Why was Lafayette imprisoned after the French Revolution?
- 📝 During WW1, did any Irish join Kitchener’s Army?
- 📝 Why did France surrender so quickly during ww2?
- 📝 What was "primitive labor rent" or "mains mortales"?
Source: stackoverflow.com
Search Posts
Related post
- 📝 In 2018 US Dollars, how much was Picasso's painting sold for in 1912?
- 📝 How much was cost for a regular (standard class) passenger to come on passenger ship from Liverpool England to Canada between 1906-1908
- 📝 How did medieval manors handle population growth? Was there room for more fields to be ploughed?
- 📝 How was titanium transported from Soviet Union to Area 51 for Oxcart?
- 📝 Approximately how much travel time was saved by the opening of the Suez Canal in 1869?
- 📝 How much materiel was shipped to Continental Europe per month, after D-Day?
- 📝 In the first half of 20th century, how was gold inspected for authenticity?
- 📝 How much louder was a Napoleonic era cannon than a musket?
- 📝 How profitable was India for the British Empire in the 1800s?
- 📝 How much oil was spilled by the naval combatants during WW2?
- 📝 In Viking combat, how much damage was done using the shield?
- 📝 How common was it for people to live 80+ years in the 17th century?
- 📝 How common was it for un-documented ships to bring settlers to the American colonies 1700-1750
- 📝 How successful were Einsatzkommando Tunis and how much was Rommel complicit?
- 📝 How much of the *Iliad* was confirmed scientifically?
- 📝 How much was the wealthy elite harmed by the Bolshevik revolution?
- 📝 How much of "Russia" was actually occupied by the Germans in World War II?
- 📝 In the Soviet Union, how was payment enforced for public transportation?
- 📝 How common was it for Americans to visit Europe in the late 19th century?
- 📝 How was the safety of allied leaders ensured in transportation for conferences during WW2?
- 📝 How much more productive was Aegyptus in comparison to Africa Proconsularis in classical antiquity?
- 📝 How was Alexander the Great able to rule so much territory?
- 📝 How much would votes sell for in early America?
- 📝 How much knowledge of the past was destroyed during the Dissolution of the Monasteries?
- 📝 How common was the German desire for revenge for the humiliation of 1918 armistice?
- 📝 How difficult was Muraviev's amassing of troops for the forcing of the Treaty of Aigun, and what effects on development did it have?
- 📝 How common was it for USAAF aircrews to swap airplanes?
- 📝 How was a line looped under a sailing vessel for keelhauling?
- 📝 In Montgomery, Alabama, how common was it to be arrested for sitting in the incorrect section of the bus?
- 📝 How was the Karwendel railway important to Germany's plans for WW1?
