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
- 📝 Can we classify holocaust as Hitler's war time strategic mistake?
- 📝 How did modern border security and crossing bureaucracy develop?
- 📝 Was the Taiping Rebellion the deadliest war of the 19th Century?
- 📝 What were officers' casualty rates among the major powers of WWII?
- 📝 Why was the US unable to win in Korea?
- 📝 On what accomplishments does Theodore Roosevelt's present day reputation rest?
- 📝 At what point did the United States have a truly federal army?
- 📝 How "old" is mechanized infantry in terms of usage in warfare and what should be called as such?
- 📝 What did Ben Franklin mean when he said "The sun of liberty is set; you must light up the candle of industry & economy"?
- 📝 How true is this observation concerning battle?
- 📝 Were Russian female spies caught, because they exclaimed in Russian during child birth?
- 📝 Why are stamps put in the top-right corner of post?
- 📝 Was Haile Selassie the world's only involuntary messiah?
- 📝 Were Serbs and Croats one people / tribe in the past? If not, why do they speak the same language?
- 📝 Are tech workers in the Siberian city of Tomsk really "descendants of those sent to the gulags"?
- 📝 What did women wear during the Rashidun era?
- 📝 What are the earliest examples in history where one state/people stepped in to rescue another?
- 📝 When did FDR announce he was running a 3rd time, and was there any outrage?
- 📝 Source of quote attributed to Cesar Chavez: "You are never strong enough that you don't need help."
- 📝 Was Henry III of England the first fully "English" king?
- 📝 On what basis do some historians accuse the British government of genocide during the great Irish famine?
- 📝 What happened to General Eugen Müller after WWII?
- 📝 Who was the first Russian in space (not Soviet)?
- 📝 How do I prove that Mahatma Gandhi said the following?
- 📝 What is the primary source for this quote by Julius Caesar's on Celts and Germans?
- 📝 Why has English become the global language?
- 📝 During the execution of the internment of Japanese during ww2 in the USA, did any other Asian Americans have to prove descent?
- 📝 1850s steel technology advance before the Bessemer converter
- 📝 What effect did awareness of devastating bombing at home have on the fighting spirit of German troops on the Eastern front?
- 📝 What military first used fire support bases?
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?