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# An auction that has just been announced will feature many

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An auction that has just been announced will feature many [#permalink]

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19 Jan 2013, 23:43
1
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Difficulty:

65% (hard)

Question Stats:

57% (01:43) correct 43% (01:53) wrong based on 408 sessions

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An auction that has just been announced will feature many famous items and personal effects belonging to a recently bankrupted rock star. Though it is likely that what remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar, motorcycle, and snakeskin jumpsuit, his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs, which holds no mystique over those same starstruck bidders.

Which of the following is an assumption required by the argument?

a) The dinosaur collection was never associated with rock star’s personal cachet.

b) The rock star’s creditors will profit handsomely from the sale of the rock star’s guitar, motorcycle, and snakeskin jumpsuit.

c) Collectors of model dinosaurs will not likely be attracted to the auction exclusive of their interest in the rock star’s personal cachet or cultural memorabilia.

d) The rock star’s dinosaur collection was frequently mocked in the media, and his obsession with it is believed to have led to his bankruptcy and personal disgrace.

e) No one bidding on the rock star’s guitar, motorcycle, or jumpsuit has enough money to also bid on the dinosaur collection.
[Reveal] Spoiler: OA

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Re: An auction that has been announced [#permalink]

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22 Jan 2013, 01:08
Ok A, B, and C were tempting.

A-Seems to be a restatement from the passage

B-It seems to me that we would need to make a second assumption for this to hold

C-Best of the three. Dinosaurs>>No demand>>Low profit. C indicates that no demand for dinosaurs from an outside source, IE people interested in dinosaurs not in the rockstar. Pretty weak, but that's my thought process.

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Re: An auction that has been announced [#permalink]

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23 Jan 2013, 18:55
@Marcab

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Re: An auction that has been announced [#permalink]

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24 Jan 2013, 10:06
For me : C

A: - Restatement from the passage
B:- Not True (passage says "Though it is likely that what remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar, motorcycle, and snakeskin jumpsuit")
D:- Out of Scope
E : Out of Scope.

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Re: An auction that has been announced [#permalink]

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24 Jan 2013, 10:50
An auction that has just been announced will feature many famous items and personal effects belonging to a recently bankrupted rock star. Though it is likely that what remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar, motorcycle, and snakeskin jumpsuit, his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs, which holds no mystique over those same starstruck bidders.

Which of the following is an assumption required by the argument?

a) The dinosaur collection was never associated with rock star’s personal cachet.
No assumption here. The author has already listed the personal cachet and the dinosaurs collection is not included in it.

b) The rock star’s creditors will profit handsomely from the sale of the rock star’s guitar, motorcycle, and snakeskin jumpsuit.
This is also restatement of the premise.

c) Collectors of model dinosaurs will not likely be attracted to the auction exclusive of their interest in the rock star’s personal cachet or cultural memorabilia.
This one is correct. If the Collectors of model dinosaurs are attracted to the auction, then the the creditors are likely to enjoy great profits.

d) The rock star’s dinosaur collection was frequently mocked in the media, and his obsession with it is believed to have led to his bankruptcy and personal disgrace.
The truth or fallacy of this option doesn't affect the conclusion, so this cannot be an assumption.

e) No one bidding on the rock star’s guitar, motorcycle, or jumpsuit has enough money to also bid on the dinosaur collection.
Not necessarily money is the only deciding factor. This option is stretch and overlooks the possibility of independent dinosaur collection enthusiasts.

The negation technique comes handy to re-test your answer, if you have deducted by any other means.
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Re: An auction that has just been announced will feature many [#permalink]

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23 Feb 2013, 00:18
On second thoughts , how folks are eliminating (A) I am not getting it.

As I don't find any reason that if Dinosaurs collection is not included explicitly , it has not been excluded explicitly .

We are just assuming that if it isn't mentioned in the list , then it is not included.

POE between (A) and (C).
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Re: An auction that has just been announced will feature many [#permalink]

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02 Mar 2013, 01:12

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Re: An auction that has just been announced will feature many [#permalink]

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02 Mar 2013, 08:45
1
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grandtheman wrote:

An auction that has just been announced will feature many famous items and personal effects belonging to a recently bankrupted rock star. Though it is likely that what remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar, motorcycle, and snakeskin jumpsuit, his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs, which holds no mystique over those same starstruck bidders.

Paraphrase the bold part:

Though remains of the rock stars' personal cachet will entice bidders, his world renowned collection of dinosaurs will not generate great profits.
It means the collection is not part of the personal cachet.

Had it been like below, A could be true:(mark the shift of subject in the first clause)

Though it is likely that ,from what remains of the rock stars' personal cachet, his guitar, motorcycle, and snakeskin jumpsuit will entice bidders to pay top dollar, his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs, which holds no mystique over those same starstruck bidders.

In the Atlantic summit, all the North American and European countries will participate. Though it is expected that the summit's North American participants like USA and Canada will have greater influence, the summit's regular dominant Germany is unlikely to enjoy its control.

Can we say Germany is a North American country ? No.
Even if I say Yes. Germany is a North American country, does it validate my conclusion that Germany is unlike to enjoy its control ?
However, If I assume "Germany's usual supporters are not participating in this year's summit", this can validate my prediction.

--
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Re: An auction that has just been announced will feature many [#permalink]

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07 Nov 2013, 08:51
An auction that has just been announced will feature many famous items and personal effects belonging to a recently bankrupted rock star. Though it is likely that what remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar, motorcycle, and snakeskin jumpsuit, his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs, which holds no mystique over those same starstruck bidders.

Which of the following is an assumption required by the argument?

A,B and C are close contenders

a) The dinosaur collection was never associated with rock star’s personal cachet.
The argument says "what remains of the rock star’s personal cachet will entice bidders to pay top dollar" . So it might be true that dinosaur collection was once his personal cachet, but it did not continue to be in his personal cachet list.

b) The rock star’s creditors will profit handsomely from the sale of the rock star’s guitar, motorcycle, and snakeskin jumpsuit.
The argument says "remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar" ( doesnt mean bidders paid top dollar , just means bidders are attracted to his personal cachet stuffs ) and "his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs" ( only says disosaurs wont make a great deal of money , which doesnt mean personal cachet list will make ) . Hence this option is ruled out.

c) Collectors of model dinosaurs will not likely be attracted to the auction exclusive of their interest in the rock star’s personal cachet or cultural memorabilia.
On the same line of reasoning as in option B , this assumption is likely. Correct IMO.

d) The rock star’s dinosaur collection was frequently mocked in the media, and his obsession with it is believed to have led to his bankruptcy and personal disgrace.
Irrelevent

e) No one bidding on the rock star’s guitar, motorcycle, or jumpsuit has enough money to also bid on the dinosaur collection.
Irrelevent
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Re: An auction that has just been announced will feature many [#permalink]

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15 Jan 2014, 10:22
gmacforjyoab wrote:
An auction that has just been announced will feature many famous items and personal effects belonging to a recently bankrupted rock star. Though it is likely that what remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar, motorcycle, and snakeskin jumpsuit, his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs, which holds no mystique over those same starstruck bidders.

Which of the following is an assumption required by the argument?

A,B and C are close contenders

a) The dinosaur collection was never associated with rock star’s personal cachet.
The argument says "what remains of the rock star’s personal cachet will entice bidders to pay top dollar" . So it might be true that dinosaur collection was once his personal cachet, but it did not continue to be in his personal cachet list.

b) The rock star’s creditors will profit handsomely from the sale of the rock star’s guitar, motorcycle, and snakeskin jumpsuit.
The argument says "remains of the rock star’s personal cachet will entice bidders to pay top dollar for his guitar" ( doesnt mean bidders paid top dollar , just means bidders are attracted to his personal cachet stuffs ) and "his creditors are unlikely to enjoy great profits from the sale of his world renowned collection of model dinosaurs" ( only says disosaurs wont make a great deal of money , which doesnt mean personal cachet list will make ) . Hence this option is ruled out.

c) Collectors of model dinosaurs will not likely be attracted to the auction exclusive of their interest in the rock star’s personal cachet or cultural memorabilia.
On the same line of reasoning as in option B , this assumption is likely. Correct IMO.

d) The rock star’s dinosaur collection was frequently mocked in the media, and his obsession with it is believed to have led to his bankruptcy and personal disgrace.
Irrelevent

e) No one bidding on the rock star’s guitar, motorcycle, or jumpsuit has enough money to also bid on the dinosaur collection.
Irrelevent

A is a close contender and be careful when applying negation technique on this one. Note that the opposite of NEVER is NOT always. It is NOT NEVER so I guess that's similar to sometimes, so it doesn't tear the argument apart as C does.

If collectors WILL be attracted then yes, argument will thus be weakened

Hope it helps
Cheers!
J

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Re: An auction that has just been announced will feature many   [#permalink] 15 Jan 2014, 10:22
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