Take the following as truth: The subsequent war over Spanish succession resulted in the enthronement of the Bourbon candidate, Felipe V. When Madrid's alc?ºar burned down in 1734, with the loss of many art treasures, Felipe seized the opportunity to build a new, incredibly lavish royal palace.
Then the following statement: "Many art treasures were lost in 1734." is true, false, or inconclusive?
Answer: True