When a Stradivarius costs $45m, creating an Art Fund’ for musical instruments is vital
A Stradivarius viola (pictured) made the headlines last month with an asking price of $45m (?27m) at a forthcoming Sotheby’s sale. Next to that stratospheric figure, a mere ?200k for a historic Italian violin might seem a reasonable price.
Yet for an orchestral musician on an ever-diminishing income, or a young graduate musician starting out as a freelance soloist, such an expense is most likely going to come as a choice between a mortgage or an instrument. UK banks loan for bricks and mortar a bank manager is most likely to baulk at the idea of a loan for a violin. As the leader of BBC Symphony Orchestra Stephen Bryant explained at the recent Amati Exhibition, for a string player, it’s often the difference between having a home and a family or a violin’.
Classical music is often accused, mistakenly, of being elitist but the world’s leading musicians don’t come from the most wealthy in society in fact many come from humble beginnings, where parents have paid for lessons often a great sacrifice. Our home-grown conductor Sir Antonio Pappano is a https://getbadcreditloan.com/payday-loans-hi/ resounding example: a son of humble southern Italian immigrants who couldn’t afford to go to a music academy, is now the Royal Opera’s Music Director. Having a gift is God-given but whether in sports or music it needs more than passion to nurture.
Association of British Orchestras director Mark Pemberton makes the case for a national musical instrument bank in the UK to ensure world-class instruments are not merely the preserve of rich investors
A Stradivarius was always a super violin’ but in recent years, prices have soared to stratospheric figures at a regular 11 per cent rise per annum so it’s no wonder financiers have caught on to this savvy investment opportunity. Continue Reading