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Stradivarius Market Hits High Note

Rush for 300-year-old violins sparks intrigue, drives price to millions

By Jane Yager,  Newser Staff

Posted Jan 6, 2008 2:10 PM CST

(Newser) – The price of violins by 18th century Italian master Antonio Stradivari has shot through the roof in recent decades, with the instruments now worth 500 times their weight in gold, reports Der Spiegel. Three powerful dealers control a shadowy worldwide market rife with intrigue where frenzied collectors seek out the rare instruments that sell for millions.

Institutions and collections have snatched up many Strads of late, heating competition for the dwindling supply that remains on the market—and spurring forgeries. Even as the world clamors for the instruments, nobody is sure why they sound so good. Competing theories cite the varnish, fungi in the wood, or the effect of unusually cold winters on wood Stradivari used.

Violinist Adrian Pintea, from The Julliard School, plays a 1729 Stradivari known as the 'Solomon, Ex-Lambert' 27 March, 2007 at Christie's in New York. The fine musical instrument, valued at USD 1,000,000-1,500,000 will be auctioned 02 April, 2007 at Christie's. AFP PHOTO/DON EMMERT
Violinist Adrian Pintea, from The Julliard School, plays a 1729 Stradivari known as the 'Solomon, Ex-Lambert' 27 March, 2007 at Christie's in New York. The fine musical instrument, valued at USD 1,000,000-1,500,000...   (Getty Images)
New York, UNITED STATES: A 1729 Stradivari known as the 'Solomon, Ex-Lambert' is on display 27 March, 2007 at Christie's in New York. The fine musical instrument, valued at USD 1,000,000-1,500,000 will be auctioned 02 April, 2007 at Christie's. AFP PHOTO/DON EMMERT (Photo credit should read...
New York, UNITED STATES: A 1729 Stradivari known as the 'Solomon, Ex-Lambert' is on display 27 March, 2007 at Christie's in New York. The fine musical instrument, valued at USD 1,000,000-1,500,000 will...   (Getty Images)
Violinist Joshua Bell embraces his 1713 Stradivarius, purchased several years ago for more than $3 million, during an interview in his New York apartment on Oct. 8, 2003. (AP Photo/Gino Domenico)
Violinist Joshua Bell embraces his 1713 Stradivarius, purchased several years ago for more than $3 million, during an interview in his New York apartment on Oct. 8, 2003. (AP Photo/Gino Domenico)   (Associated Press)
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