Stradivarius Masterpiece bought for Bitcoin

It has become quite common for exclusive real estate, cars and even extraordinary artworks which are available to buy for bitcoins to appear on market. But the purchase of a rare Antonio Stradivarius violin for digital currency – this is something absolutely new.

Last week LeoGroup announced the unexpected purchase of a “golden period” Stradivarius violin using modern digital currency – Bitcoin.

Matt Allain, Senior Managing Director of LeoGroup and Sean Carpenter, Carpenter Fine Violins Co-Founder and CEO, gave an interview to Pimm Fox on Bloomberg Television’s ‘Taking Stock’ on 4 April.

“Late last year we came to meet Sean and the other Carpenters. We were looking for an instrument that is not correlated to stock market, and that’s an investment that is a unique part of the story,” said Matt Allain.

The multi-million dollar bitcoin contract was conceived and engineered by LeoGroup on 27 February and on 24 March the transaction officially closed.

Sean Carpenter, who is also the owner of another Stradivarius violin, says about the instruments, “These are priceless in many ways objects that are very rare. There are only a few hundred that are traded in many decades. They are very highly coveted instruments, also in terms of sound and aesthetic beauty”.