The Sound of Music at Investment Gathering
Attendees of investment conferences don’t usually get to hear live violin music, especially being played on a violin hundreds of years old and worth $3 million. But that’s what happened at yesterday’s Alternative Investment Summit 2010 in New York. Tony Finley, a general partner in a debut vehicle, the $100-million targeted Artist Rare Instrument Fund LP, demonstrated the type of rare stringed instrument that investors can place bets on in anticipation of their rising in value. And Christophe Landon, a dealer in rare stringed instruments and another fund partner, explains that because of his relationships around the world, the firm can avoid buying and selling at auctions and therefore will not pay commissions; thus the fund pockets all the proceeds. He notes that demand for rare instruments is especially strong now in Asia.
