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Article: Music to fund's ears.(News)
- Article from:
- Investment News
- Article date:
- August 17, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Hoffman
Music played on rare violins, violas and cellos brings joy to audiophiles and may also soon bring happiness to the wallets of investors.
That is the goal of the Artist Rare Instrument Fund LP, a New York- based private-equity fund that invests in rare stringed instruments created by Italian master artisans Antonio Stradivarius, Giuseppe Guarnerius del Gesu and others in the 17th and 18th centuries.
Why rare instruments?
Demand among musicians and collectors for the exquisite instruments has increased their value exponentially since the 17th century, said Anthony Finley, a general partner of the fund, attorney and ...