Pawn Shop Buys Violin for $50. It's Quite a Bargain

Turns out, the Ferdinando Gagliano classic is worth $250,000
By Newser Editors and Wire Services
Posted Jul 28, 2018 7:29 AM CDT
$250K Violin Sold at Pawn Shop for $50
Stock photo of a (less expensive) violin.   (Getty/EJGrubbs)

A violin bought by a Massachusetts pawn shop for $50 has ended up being worth about 5,000 times that. WFXT-TV reports a new employee at the LBC Boutique and Loan in Somerville had no idea what he was buying when he paid for the Ferdinando Gagliano violin, which was handcrafted in 1759 and is worth $250,000. Store manager Dylan McDermitt says the bows alone are worth $16,000 to $18,000, per the AP.

Police say the violin was stolen during a house break-in and has since been returned to its rightful owner. They say the seller had no criminal record and they're still investigating. McDermitt says in the future shop employees are going to ask people who bring in violins to play them so they know the instruments are theirs.

(More violin stories.)

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