A Stradivarius violin, known as the Joachim-Ma, sold for $11.25 million at a Sotheby's auction in New York City. The auction opened at $8 million and saw rapid bidding, though it ultimately fell short of the expected selling price of $12 to $18 million. Previously owned by violinist Si-Hon Ma, the proceeds from the sale will benefit a scholarship fund at the New England Conservatory. The sale represents a significant event in classical music, marking the continued interest in these historic instruments.
The sale is transformational for future students, and proceeds will establish the largest named endowed scholarship at New England Conservatory.
The record for the biggest sum paid for a musical instrument at auction remains with the "Lady Blunt" Stradivarius, made in 1721, which fetched $15.9 million in 2011.
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