An auction that has just been announced will feature many

Question

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.

ConnectTheDots · Accepted Answer

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.
 
--
Please press KUDOS, If I have helped.

jgomey · Answer

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.

jgomey · Answer

@Marcab

How did you approach this problem? What was your reasoning to arrive at your answer choice?

archilles · Answer

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.

ConnectTheDots · Answer

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.

TGC · Answer

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.

Plz Advice

POE between (A) and (C).

grandtheman · Answer

Please advise why A) can be eliminated...

gmacforjyoab · Answer

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

jlgdr · Answer

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

Prashant10692 · Answer

+C.

Look out for a word  Exclusive  because this is what making all the difference.

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.

Yes its true and it fills the gap.
On negating C we get:

The collectors of the model dinosaurs will be attracted to the auction for their exclusive interest in the rockstar personal cachet if that would be the case they wont even buy this dinosaur stuff.

Bunuel · Answer

VERITAS PREP OFFICIAL SOLUTION:

Solution: C

Remember that any assumption question can be solved by employing the Assumption Negation Technique: simply negate each answer choice, plug it into the argument, and see if the conclusion is compromised. In this case, negating C suggests that some collectors of model dinosaurs might be attracted to the auction solely to bid on the impressive collection, suggesting that the creditors could profit from its sale after all.

DebbieChats · Answer

This C is just so awesome I am digging the question - GMAT Club thanks a lot !

Kanika3agg · Answer

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.

- Pre-thinking - Why would not the sale of dinosaurs set happen? Because it doesn't hold any mystique over the same bidders of personal cachet. But what if people other than rockstar's fan wants to collect the model of the dinosaurs? 
Collectors of model dinosaurs could be one. So, thats why the answer is C.

GMATGuruNY · Answer

Premise:
The collection of model dinosaurs holds no mystique over the bidders who will pay top dollar for the rock star's personal cachet.
Conclusion:
Creditors are unlikely to enjoy great profits from the sale of the collection of model dinosaurs.

Apply the NEGATION TEST.
When the correct answer is negated, the conclusion will be invalidated.

C, negated:
  Collectors of model dinosaurs  will likely be attracted to the auction exclusive of their interest in the rock star’s personal cachet. 
Implication:
The group in green will bid on the rock star's collection, invalidating the conclusion that  creditors are unlikely to enjoy great profits from the sale of the collection of model dinosaurs 
Since the negation of C invalidates the conclusion, C is an ASSUMPTION: a statement that MUST BE TRUE for the conclusion to hold.

C

A, negated:
 The dinosaur collection was sometimes associated with the rock star’s personal cachet. 
This negation seems to weaken the PREMISE that  the collection holds no mystique over the bidders who will pay top dollar for the rock star's personal cachet .
A premise is a FACT: it cannot be weakened.
Any answer choice or negation that attempts to weaken a premise is wrong.
Eliminate A.

crucifier · Answer

IMO C

My reasoning: Rock star got bankrupt. His stuff was going to be sold off in an auction. People would big top dollar for his guitar, bike and snakeskin, but those same people where not interested in his dino collection. So, no great profit would could from selling his dino collection.

It is based on an assumption that "no great profit would could from selling his dino collection, but only from guitar, skin, etc".

An option denying this reasoning is C.
if you perform the negation test on 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 changes the conclusion, thus C is our winner

TheGriffin · Answer

Can we say E is also one of the closest contender here ?

VerbalBot · Answer

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An auction that has just been announced will feature many

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