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 Bill Monroe's Mandolin Sold ~$ 2.5M
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| Author | Topic: Bill Monroe's Mandolin Sold ~$ 2.5M |
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Joey Ace Sysop From: Southern Ontario, Canada |
posted 01 April 2004 09:56 AM
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It's going to Japan. http://66.246.88.181/news/articles/monroe/ |
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Dave Burr Member From: Tyler, TX |
posted 01 April 2004 11:10 AM
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James Monroe said;
quote: but money talks... I guess it would be hard to turn down $2.5MM - Just think about the music legacy associated with that particular instrument though... It's kinda hard to swallow the fact that a Japanese Investment Firm pulled it out of the US. [This message was edited by Dave Burr on 01 April 2004 at 11:11 AM.] |
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John McGann Member From: Boston, Massachusetts, USA |
posted 01 April 2004 11:53 AM
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There is speculation that this is an April Fools Day joke- if you go to the Tennessean.com site the article isn't there- the address is the IP address of mandolincafe.com Dang, I'd just boughta ticket to Japan to go see it, too! |
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Alvin Blaine Member From: Sandy Valley, Nevada, USA |
posted 01 April 2004 12:00 PM
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I guess the "Bill Monroe Foundation" is the big loser on this deal. They won the bid on it a few years ago at $1.125 million and paid 10% down with 18 months to pay it off. They did raise the money, but the bank(doing the financing) wanted proof that there was no leans or back tax owed. They missed the deadline so the deal was called off, but I haven't heard if they ever got any of their deposit back. I heard they paid James over $125,000. in down payments and interest. They wanted it to be the center piece of the Bill Monroe Museum at Bill's birth home in Rosine, Ky. Now it gets to go to Tokyo. Now we know what price James Monroe puts on his dads heritage and legacy. |
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Alvin Blaine Member From: Sandy Valley, Nevada, USA |
posted 01 April 2004 12:18 PM
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quote: John, |
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Dave Burr Member From: Tyler, TX |
posted 01 April 2004 12:34 PM
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Yep, John and Alvin, I think you may be right... Seems that someone at the Mandolin Cafe is having some fun. That's a pretty good April Fools day prank.  Respectfully, |
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Alvin Blaine Member From: Sandy Valley, Nevada, USA |
posted 01 April 2004 12:50 PM
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I hope it is just a bad joke! |
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Joey Ace Sysop From: Southern Ontario, Canada |
posted 01 April 2004 02:35 PM
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OK, John, I believe you're correct. How about www.gmail.com |
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Cal Sharp Member From: Gnashville |
posted 01 April 2004 04:46 PM
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Yeah, The Tennessean's IP is 216.33.107.252 Mandolin Cafe is 66.246.88.181 |
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Walter Stettner Member From: Vienna, Austria |
posted 02 April 2004 03:08 AM
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A friend of mine, Helmut Mitteregger, bluegrass mandolin player and leader of the Austrian Bluegrass Band "Nugget" bought a mandolin that was previously owned by Bill Monroe a couple of years ago for about $25,000. He never played it live (of course not or do you want somebody to spill his beer into it?), just kept it as a treasure and probably some sort of investment. In the meantime he sold it again (I think for app. the same price he originally paid), but that's still far from $2,5 Millions. Kind Regards, Walter ------------------ |
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