IF SUPERWEALTHY INDIVIDUALS can invest in fine art, why not fine violins? And while they’re at it, why not get those instruments into the hands of deserving, ambitious violinists?
So goes the pitch by Florian Leonhard. In the latest twist in so-called passion investments, the London-based restorer and dealer is establishing the Fine Violins Fund, which plans to buy fine violins and loan them out free. Having already secured $20 million from a handful of individuals in Europe, Leonhard says the fund is well on its way toward a goal of raising a total of $50 million from more investors by year’s-end.