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New York: A 300-year-old Stradivarius violin, once owned by the first woman to play strings in Britain's Royal Philharmonic Orchestra, may fetch as much as $1.5 million in New York on Friday with the current market turmoil likely to boost its allure.
The violin made by Antonio Stradivari of Cremona, Italy, in about 1700 is being sold by the estate of Barbara Penny, who played it as a member of the orchestra, a spokeswoman for Christie's International said. The auctioneer named it "The Penny'' after her.
"Any Strad from 1700 is worth $1 million to $3 million," said Christophe Landon, a violin maker and New York dealer. "It's worth that because Stradivari made it."
Christie's set the auction record for a musical instrument in 2006 when another Stradivarius, called "The Hammer," sold for $3.5 million in New York.
Stringed instruments made by Stradivari, who died in 1737, have served as "a conceptual model" for violin makers for more than 250 years, according to the Web encyclopedia of the Smithsonian Institution in Washington.
The current turmoil in the financial markets may boost "The Penny''s" allure, Landon said.
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