A Stradivari violin made in 1714 sells for $11.3 million at auction
A violin made in 1714 by the legendary luthier Antonio Stradivari sold for $11.3 million at an auction in New York on Friday, short of estimates that would have made it the most expensive instrument ever sold.
Related video above: Stradivarius violin fetches millions at auction for New England Conservatory in Boston
Sotheby's auction house had estimated that the Joachim-Ma Stradivarius violin could sell for between $12 million and $18 million, with the higher end of the range potentially eclipsing the record-breaking $15.9 million someone paid for another Stradivari violin at auction more than a decade ago.
The Joachim-Ma Stradivarius is regarded as one of Stradivari's best works, built during his "Golden Period" at the height of his craftsmanship and acoustic mastery, according to the auction house.
Adding to the intrigue, the violin is believed to have influenced legendary composer Johannes Brahms when he wrote the famed "Violin Concerto in D Major" and was actually played during the concerto's 1879 premiere.
"This extraordinary violin represents the pinnacle of craftsmanship and classical music history, its unparalleled sound and storied provenance captivating collectors and musicians alike," said Mari-Claudia Jimenez, chair at Sotheby's. "The Joachim-Ma Stradivarius garnered global attention, achieving one of the highest prices ever for a musical instrument 鈥� an acknowledgment of its rarity and historical importance."
Bidding at Sotheby's began at $8 million and within seconds shot up to $10 million as auctioneer Phyllis Kao scanned the room, looking for someone to put up $10.5 million.
"Am I selling? At $10 million," she said, looking to potential bidders.
The room was quiet.
"Last chance, at $10 million," she said. "I can sell, and I will, at $10 million, unless you go on."
"Sold. $10 million," she said, banging a gavel.
The final price includes auction house fees.
The name of the instrument comes from two of its famous violin virtuoso owners: Joseph Joachim, of Hungary, and Si-Hon Ma, of China. Ma's estate gifted the violin to the New England Conservatory in Boston after his death.
The conservatory will use the proceeds to fund student scholarships.
"The sale is transformational for future students, and proceeds will establish the largest named endowed scholarship at New England Conservatory," said Andrea Kalyn, president of New England Conservatory. "It has been an honor to have the Joachim-Ma Stradivari on campus, and we are eager to watch its legacy continue on the world stage."
