Orchestra buys historic strings
The New Jersey Symphony Orchestra is buying a collection of 17th and 18th century string instruments, including 12 Stradivarius violins, with financing from Commerce Bank and the Prudential Foundation, officials said Tuesday.
Philanthropist Herbert Axelrod, the founder of animal-care publisher TFH Publications Inc., and his wife, Evelyn, owned the collection. The 30 Italian-made instruments are valued at $50 million by Axelrod and include a Stradivarius cello, three Guarneri del Gesu violins and an Amati viola dating to 1620.
For the record:
12:00 a.m. Feb. 21, 2003 For The Record
Los Angeles Times Friday February 21, 2003 Home Edition Main News Part A Page 2 National Desk 1 inches; 45 words Type of Material: Correction
Announcement date -- The announcement of the New Jersey Symphony Orchestra’s purchase of a collection of 17th and 18th century string instruments was made Wednesday, not Tuesday, as reported in a Quick Takes item in Thursday’s Calendar Weekend.
The purchase, announced at a news conference in Newark, came after months of negotiations with the Axelrods. The couple accepted an unsecured $4-million note and $14 million in cash.
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