{"id":525881,"date":"2026-07-05T05:08:08","date_gmt":"2026-07-05T05:08:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/525881\/"},"modified":"2026-07-05T05:08:08","modified_gmt":"2026-07-05T05:08:08","slug":"sound-investment-inside-the-world-of-rare-violins-that-can-cost-34-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/525881\/","title":{"rendered":"Sound investment: Inside the world of rare violins that can cost $34 million"},"content":{"rendered":"<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-0-WY6WUYXXVRG2BHMNPPV7WDIF3U\">\u201cDon\u2019t worry,\u201d says Florian Leonhard. \u201cA bit of woodworm isn\u2019t usually a problem. In fact, if the creature is in the instrument, it was in the wood before it was made. Of course, it can be bad. I once came across a violin, 280 years old and in mint condition apart from the woodworm. It had turned it into a sieve. But in some cases, it can improve the instrument. The secret is to keep playing it. They don\u2019t like vibrations.\u201d<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-1-CXQ477SHA5DJPECS5377MHPVTA\">Such particular and exacting concerns matter to Leonhard, a dealer and restorer of antique stringed instruments, who was appointed official expert and luthier for the Royal College of Music in London in 2018. They also matter to his clients. After all, they are probably investing between Dh250,000 and Dh125 million ($34 million) apiece.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-3-6ABMNMN6HBFGVCVK3YOKULCO5Y\">These are no ordinary violins. They are made by the great Italian masters of the 17th and 18th centuries: Giovanni Guadagnini, Andrea Amati, Francesco Ruggeri, as well as Guarneri del Gesu \u2013 Italian composer Niccolo Paganini\u2019s maker of choice and the subject of Leonhard\u2019s definitive biography, releasing in October.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-4-J5BQ7AWZCNGGPP7NVXHO2EK3TY\">\u201cThough most people want the biggest name: Antonio Stradivari,\u201d says Leonhard. \u201cStradivari\u2019s reputation has cast such a shadow over other makers, but that represents an opportunity.\u201d<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-6-KHJOVCTDFJAW5NM32YXRYMDTKY\">Why such extraordinary prices? Because while thousands of violin makers exist, there are perhaps fewer than 1,000 surviving antique instruments known today. Scarcity has also driven remarkable returns. Someone who bought one of these violins in the 1980s could easily have quadrupled their investment, or even increased it tenfold. Unsurprisingly, sales are private and discreet.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-8-4STHHFLESJEJFOQ7BSODRX6OXU\">Like any market, values fluctuate. Reputation, condition and period all matter. Healthy returns remain achievable, but Leonhard cautions against romantic assumptions. \u201cSome people think they\u2019ve found a bargain, buy a violin by a name-maker and later realise it\u2019s not the best specimen, or not from his best period,\u201d he says. \u201cIt\u2019s like buying a lovely 1970s Porsche 911 and then finding none of the parts have matching serial numbers.\u201d<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-9-XJMMWR3PL5CVVHXX65QYGKM7SQ\">Naturally, with such sums involved, authentication is critical. \u201cAnd as yet, there are no machines that can help us with that,\u201d says California resident Roman Goronok, one of the world\u2019s few renowned antique stringed instrument brokers. \u201cYou need long experience of an instrument\u2019s history, its tool marks, construction and varnish. It comes down to scholarship, visual memory and intuition.\u201d<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-11-SXFY4PWHIRFXFIAJNZBEVJJW7Y\">Authentication has become a specialist discipline of its own. Stradivari research, in particular, took a major leap forward with the 2024 publication of Antonio Stradivari: The Complete Works, a six-volume catalogue compiled over eight years by J&amp;A Beare, the London violin dealer established in 1892. Greater scholarship has also brought greater market stability.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-12-GBMNRT4INVACNBGYCDD766QUWU\">But investment returns are not the primary reason people buy these instruments, Goronok argues. Antique violins are, he says, art that can be played. \u201cThese instruments represent hundreds of years of culture and handcrafts that may never be reproducible,\u201d he says. \u201cThey place their owners at the heart of the arts. This is more about stewardship and philanthropy than commerce.\u201d<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-13-NV3HYVNMWBGPTCSSJVMMO3D57Q\">Because as Leonhard points out, great musicians need great instruments. Yet, even world-class players often cannot afford their own Stradivarius. Owners therefore frequently lend instruments out, but only fully insured. <\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-15-YJVQSGAIKNBVLJD47VJGQMHJWA\">Association with exceptional performers \u2013 Joshua Bell, Sarah Chang, Midori Goto \u2013 can further enhance value.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-16-MRIKKUV5LBFSPN7Z3DZTEXCYSU\">Accidents still happen. In 2019, a Royal Philharmonic violinist left his 300-year-old David Tecchler violin, estimated at Dh1.2 million, on a train. It was eventually recovered after secret negotiations and a handover in a supermarket car park. Theft, however, is rare. \u201cMost thieves don\u2019t know what they\u2019re looking at,\u201d Leonhard says. \u201cThey grab the iPad and leave the violin sitting right next to it.\u201d<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-17-CDZJ5LAHB5FFJMXKLODRXGJEAM\">Besides, the antique violin world is so small and interconnected \u2013 and instruments so well-documented \u2013 that fencing one is akin to selling stolen fine art: extraordinarily difficult.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-18-RPGVFKMY6BEZ5LA7O67ZXR7KUU\">There is another reason such losses remain uncommon. Goronok says he is only half-joking when he suggests musicians treasure these instruments more than their own children. They are the lifeblood of their art.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-20-2JOM4GUHMVBEZFI2LEHRTI6FBI\">\u201cWatching a musician play one of these great violins for the first time and suddenly feeling heard by the instrument is very moving,\u201d Goronok says. \u201cIt helps owners understand they are custodians. These instruments have survived wars, changing tastes and generations. It\u2019s not like buying a painting and hanging it on a wall. Ownership of a fine historic instrument makes it deeply meaningful when it\u2019s played and not just sat in a vault.\u201d<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-21-HU5XP67KCJBAHK646JJD7SBQKA\">It\u2019s not only about keeping the woodworms at bay, either. There\u2019s a good reason why these instruments are so desired by professional players over even the most excellent of modern equivalents. Partly it is because every maker has a distinct voice. Leonhard describes a del Gesu violin, for instance, as having a \u201clion\u2019s roar of depth\u201d.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-22-6NYWH4IZJNE6JK5TVGU54MQ4N4\">Age itself also shapes sound. Wood breathes. The material expands and contracts. It absorbs humidity, pollution and the passage of time. \u201cWood absorbs all the world throws at it. But we haven\u2019t yet been able to replicate the effect in modern instruments. And people really have tried \u2013 salt baths, leaving it in sunlight, drying it out. Nothing works,\u201d explains Goronok.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-24-QVYKKOGFTJG5JPLBIQKMY3IGCE\">\u201cRemarkably, the shape, form, materials and acoustic principles of an instrument designed to play baroque music in the 1700s still haven\u2019t been bettered,\u201d he adds.<\/p>\n<p class=\"defaultstyled__StyledText-sc-11u52t4-1 eVvrYS margin-lg-bottom\" id=\"el-25-YO6VQTYWIVHAHC5MJVKYXJ7WRA\">Goronok estimates he has perhaps 20 years left in the business \u2013 time he intends to spend working through his little black book of contacts \u2013 and he suspects that his generation may be among the last major brokers of antique stringed instruments. Increasing numbers are disappearing into museums and private collections, which represents a loss not only for investors, but for music itself.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cDon\u2019t worry,\u201d says Florian Leonhard. \u201cA bit of woodworm isn\u2019t usually a problem. In fact, if the creature&hellip;\n","protected":false},"author":2,"featured_media":525882,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[146,85,46,138938,1619,409,789,188806],"class_list":["post-525881","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entertainment","tag-entertainment","tag-il","tag-israel","tag-lifestyle-team","tag-magazine","tag-music","tag-story","tag-tn-magazine"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/525881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=525881"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/525881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/525882"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=525881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=525881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=525881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}