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Ask Dave

Found Treasure

Justin's father bought a violin at an auction, and it ended up as something that could change his life.

QUESTION: Justin’s father was at an auction and bought a violin for $122. The violin was made in the 1654 and is worth over $500,000. His father gave it to him, and he doesn’t know what to do with it.

ANSWER: It’s almost scary. I don’t know about collectibles at that level, but keep it someplace safer than your house in a humidity-controlled environment. You have no reason to keep it since it’s not a quality investment, so you need to start trying to make a market for it and sell it. Call a maestro and get some advice on how to do that. I’m sure there are collectors around the world that would try to do this.