$300K?

Ultradog MN · Apr 7, 2013

What would you do with that?
My GF works at a local music shop where they buy, rent, sell and repair stringed instruments.
Mostly violins, cellos, basses and the like.
Yesterday some 90 yo man came in to have his 2 violins appraised as he's getting too old to play them anymore.
I guess all work stopped and everyone had to Ooh and Aah over one of them. One call to the big boys in Chicago determined that one of them was made by one of the 17th century European masters (not Stradivarius but a contempory of his) and probably worth in the $2-300K range. I guess the word got out fast as within hours there were several inquiries about it.
One local man is very interested in it for his teenage daughter. Just a little something to get her more interested in her music lessons...

Anonymous-0 · Apr 7, 2013

As I recall, the correct answer is keep farming until it is gone.

MarkB_MI · Apr 7, 2013

All about supply and demand. And the supply of 300 year old Cremona violins is pretty much fixed. It's a sad fact that investors have driven the prices of old violins so high that few professional musicians can afford one.

Actually, an instrument doesn't need to be that old to be worth over a 100 grand. There are guitars made in the last 100 years selling for a quarter of million bucks. Martin made only 91 original D-45 guitars back in the thirties or forties, these routinely go for over a quarter million.

Bob - MI · Apr 7, 2013

Buy out my business partner

oldtanker · Apr 7, 2013

I guess if you have that kind of money to spend to get you kid "more interested" in something it's your money.

Hope the old guy really enjoys that money before he dies.

Rick

HCooke · Apr 7, 2013

I have a brother and SIL who are professional musicians and both their daughters play. That price does not surprise me at all. I play guitar and I wish I would have bought that Martin I thought hard over back in the 60's

Janicholson · Apr 7, 2013

One of my friends makes Violins and Cellos His normal range of price is in the 20,000 range and up. Really quite nice instruments though. Jim

paul · Apr 7, 2013

Just attended a farm auction last week, he ran 400 acres. I started keeping track of the machinery prices when it got to the bigger stuff, was $505,000 he got for the tillage, tractors, and planting equip. No combine.

Lot of 4 year old equipment to run $400 acres.

Paul

MN Scott · Apr 7, 2013

Government is going to steal close to half of it.

Rick Kr · Apr 7, 2013

I would invest it. Oh and maybe take a day off work.
Rick

Fordfarmer · Apr 7, 2013

What would I do with $300K? Pay off my debt...may even have a little left to play with.
Like someone else said... farm until it's gone...

waltdavies · Apr 7, 2013

At his age it would make a hell of a monument.
here's mine.

<a href="http://s77.photobucket.com/user/WaltDavies/media/524C2344-11E0-45F6-87C6-0E3DFD72950A-68656-00007010BA7129D8.jpg.html" target="_blank">

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</a>

ericlb · Apr 7, 2013

even that may not keep her interested,i played the violin in grade school in the early 60's for a few years as i got the thing from my grandad,who made money playing for high end restaurants at nite,needless to say the instrument was a good one, i pleased the folks by winning first place in a city wide tournament but stopped after that, they had hopes of seeing me in a symphony orchestra ,i wanted to "play the fiddle"in a country and western band,after i sawed then off a course or 2, they didnt want that in the house so i stopped playing

Chris(WA) · Apr 7, 2013

Nice memorial Walt and Winnie. Memorials kinda have my attention this weekend especally as my Ma died friday at 95.
What do the two symbols next to the flag stand for, if I may ask?

mudbudquad · Apr 7, 2013

If you sold "your" violin for $300,000 why would the government get any?

Anonymous-0 · Apr 7, 2013

Doesn't matter if it was a 2 million dollar violin. The guys daughter has to be into it. You can't and/or shouldn't try to bribe or force a kid to do something they don't want to do. I'm not talking about about things they have to do, I'm talking about music lessons, sports, stamp collecting and things of that nature. You force a kid into something you like or try to relive your childhood through your kid and they will resent you for a long time.

waltdavies · Apr 7, 2013

The one in the middle is for Rebecka the women's side of the Odd Fellows. The other Star is for Eastern Star the women's side of the Mason's I have a couple more to put on VFW, Dis. Vet and SAR for myself.
Walt

MarkB_MI · Apr 7, 2013

He's saying that capital gains tax will take half the proceeds from the sale. Not exactly true, more like a third of the net profit on the sale. Rare violins are considered "collectibles" and and capital gains are taxed at 28 percent plus whatever the state tax is. Of course, if these violins are truly rare, the owner probably didn't pay chump change to acquire them, so his cost basis might be over a 100K.

CenTex Farmall · Apr 7, 2013

With all that money you could even buy a case of ammo.....

Royse · Apr 7, 2013

I wouldn't buy a violin.
Land more likely, since the money wouldn't be enough to retire on yet.
I might squander a little on one of those 3 cylinder Fords.

NCWayne · Apr 7, 2013

Personally I'd pay off the mortage on our main house and our rental. With the leftover, I'd get my wife the new Camaro she so desperately wants and deserves, and then bank the rest. I know for me just paying off the mortgages would be a real shot in the arm as the money it would free up each month would go a long way toward alowing me to do more than just work 24/7 like I seem to do now.

W_B · Apr 8, 2013

(quoted from post at 16:26:19 04/07/13) What would you do with that?

If I had the $$ from something like that (even my place isn't worth $300,000) I'd probably pay off the mortgage and get that tractor with a loader I've been wanting to get. The rest would go into investments for retirement.

$300K?

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