I wanted to get thoughts on the current market for instruments, specifically fine violins and violin bows. If one were in a position to be able to buy without selling, is this a good time to buy, given the state of the economy?
I read a recent New York Times editorial by Paul Krugman, "Fighting Off Depression," where he discussed a looming second Great Depression, and this spurred my curiosity about buying now, or some time in 2009.
If one were to correlate the acquisition of a fine violin and/or violin bow ($250K and up for a violin, $120K and up for a violin bow) to real estate - the market now is far worse than it was say, five years ago. Home buyers often have to sell their homes (for far less than the home would have brought) to buy - either way, both ends make for a loss in most cases. As such, are instruments in this same quagmire? Would one have a better opportunity to buy a fine violin now, or in the next year, for a price far less than the instrument would have brought a few years back? Or, would you say instruments haven't been much affected by the economy?
I'm quite curious to get your thoughts on this. I have been looking mostly at violin bows with my dad - specifically, a Tourte, or a D. Peccatte. I can review some auction reports, but not dealer or private sales. The auction reports don't provide much - meaning, it's difficult for me to locate information with regard to provenance, weight of the bow, etc. I've considered buying the "Red Book," released in 2006, which goes back to 1985. One could trace an instrument's buying/selling history, I suppose, via that medium, but I've held off on buying the book. It's about $100.00, and I don't know that it would give me much of what I'm looking for.
Just curious as to your thoughts on the instrument market, and if one were in a position to buy without having to sell - is it a good time? Of course, I've yet to find a great Tourte...just privately looking around, though haven't made many formal inquiries. Not trigger happy per se, though the right violin bow, or violin, avails itself when it chooses to. :)
Thank you in advance for your thoughts. Valerie :)
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