Experts in every Investment - Classical Instruments
A Pioneer in the World of Classical Musical Instruments
Jost Thöne has been a leading figure in the world of classical musical instruments for over three decades. Driven by a deep-rooted passion inherited from his musician father, Thöne opened his first shop in 1988 and dedicated himself to connecting world-class instruments with soloists, collectors, and investors.
Beyond his role as a dealer, Thöne is a recognized authority on classical instruments, particularly those crafted by the great Italian masters. He has authored several groundbreaking works on Stradivari instruments and advises foundations and private investors on building significant collections of stringed instruments.
“Antonio Stradivari Vol. I‑VIII” - Jost Thoene Verlag
Market Insights from a Veteran
Thöne's unique perspective on the market is shaped by his extensive experience. He has observed that the market for classical instruments, compared to other art markets, is relatively stable. He emphasizes:
"The beauty of this market is that it doesn't follow trends like you see in the art world."
Nevertheless, there are changes. For example, the growing interest in instruments that may not meet the highest condition standards is notable. This is partly due to the limited availability of top-tier instruments and the increasing number of highly skilled musicians worldwide.
According to Thöne, several factors influence the value of a classical instrument, including the maker, condition, sound, and provenance. He stresses that understanding these factors is crucial for making informed investment decisions.
Authenticity and Expertise
When evaluating instruments for potential investment, Thöne places great importance on authenticity and quality. He works with a network of world-renowned experts to verify the authenticity of instruments and employs a variety of scientific methods such as dendrochronology and CT scans to assess their condition. Thöne has also developed a unique approach to documenting instruments, creating detailed monographs that set a new standard for instrument research.
Monograph of a Stradivarius “Antonio Stradivari Vol. I‑VIII” - Jost Thoene Verlag
Investment Opportunities
Thöne advises potential investors to collaborate with experienced dealers to navigate the complex and illiquid market for classical instruments. He believes that the limited supply of these instruments, coupled with the growing interest of a broader investor base, will continue to drive prices upward.
In his own words, Thöne emphasizes: "Work with an established expert. This market is opaque and illiquid – which, in my view, is an advantage."
Conclusion
Jost Thöne's deep knowledge of the market, coupled with his commitment to authenticity and quality, has made him a leading figure in the world of classical musical instruments. His insights provide valuable guidance for those seeking to invest in these unique and enduring assets. Furthermore, Thöne highlights a very interesting development for investors, emphasizing the growing demand for these instruments:
"The enormous increase in highly trained musicians worldwide significantly increases demand." - Jost Thöne
This blog is the second part of the series based on our recent Collectibles Report 2023/2024. In this blog we deep dive into two major categories of art and cars, providing market performance and insight from our expert partners.