Tuesday, March 25, 2008
Investors on the fiddle
Today's Guardian reports - 'One of London's most successful violin restorers and traders, Florian Leonhard, is hoping to attract investors to his alternative investment syndicate as more conventional assets look increasingly vulnerable to an economic slowdown.
The Fine Violins Fund, which counts cellist Julian Lloyd Webber among its directors, has so far raised €16m (£12.5m) towards what it hopes will be a €60m syndicate investing in the most precious pre-19th-century violins, mainly from Italy.
Leonhard intends to invest in 50 violins valued at about $1.5m each - many of them beyond the means of the musicians who play them. The instruments will not be locked away in a bank vault; they are to be loaned out, without charge, to promising musicians, 30 of whom have already been identified.
The syndicate claims to benefit not only because the instruments' quality is maintained by regular use, but also because violins that are linked to the early career of performers who grow in reputation can soar in value'.
More fiddlers here.
Image credit Gibson.com Any copyrighted material on these pages is included as "fair use", for the purpose of study, review or critical analysis only, and will be removed at the request of copyright owner(s). Report broken links, missing images and errors to - overgrownpath at hotmail dot co dot uk