the big number we often hear is joshua bell's strad. it's "value" (just an estimate) being 17 million.
not that it's particularly important, but i think certainly interesting to note is why they are so valuable.
of course, this all starts with their intrinsic value. guarneri, del gesu, stradivari and others all truly made remarkable violins. There is no argument as to the pedigree of some of these amazing instruments.
the next part of this appraisal of the antique violin market is a lot less 'sexy.' Bankers and high net worth investors are in on the bidding. Antique italian string instruments, particularly if they are certified from a particular maker such as strad, have proven themselves as worthy investments. so, imagine being a billionaire.. your stock, real estate, and precious metal (god knows what else!) investments need to be further diversified by owning a strad or two.
yo-yo ma does not own his montagnana. it's owned by a bank that loaned it to him for life.
so, this has driven a significant part of the market. now with this hugely (in my opinion) inflated price, it continues to amaze musicians who then spend their whole life and career dreaming of owning one - some of which do when given the opportunity, regardless that their $12k hand made violin actually performs better. (allegedly..) - this maintains that high value, that A-list violinists still play them.
I am proposing that if strads sell for multi-millions of dollars.. hypothetically, i don't see why paul's hofner wouldn't. I very well may be dead wrong on that, but i don't see how that could be looked at as a "bad" investment (again, to someone with that kind of money where they don't need any more real estate, stocks, etc.)
okay, back to the discussion on him dinging it![]()
Jack Benny - Wikipedia
Jack Benny also donated a Stradivarius violin (purchased in 1957) to the Los Angeles Philharmonic Orchestra.[36][37] Benny had quipped, "If it isn't a $30,000 Strad, I'm out $120."[38]