Brussels Philharmonic Foundation
Invest in a stringed instrument
An ambitious future is in the cards for the Brussels Philharmonic: a renowned chief conductor, international recognition, and a great deal of talent among the (young) team of musicians. However, they often do not have the resources to match their great talent with a high-quality (stringed) instrument that could take their performance to a yet higher level. And that is where the orchestra saw an opportunity to overcome the limiting factor – the high price of stringed instruments – by means of a unique project: the Brussels Philharmonic foundation.
A good violin, viola or cello can easily cost between €50,000 and €200,000 – far and away unattainable sums for a young musician, but is also a good investment for the future, it seems. For a stringed instrument that is well chosen, maintained in perfect order and well played increases in value over time. Not only a stringed instrument, in other words, but an investment instrument as well.
At the end of 2013, the Brussels Philharmonic Foundation was therefore launched. The Foundation is the result of a unique collaboration between the private bank Puilaetco Dewaay, the Delboo Deknudt law firm and the Brussels Philharmonic. The Foundation matches private investors with highly valuable stringed instruments for the Brussels Philharmonic project.
Since the beginning, the Foundation has comprised around 10 members: not only music lovers but also classic financial investors. Together, they have bought 18 instruments for a total value of more than 2 million euros, which are made available by the Foundation to the musicians of the Brussels Philharmonic.
The instruments are carefully selected, played and maintained and therefore represent a safe investment for the investor, while the sound of the orchestra has noticeably improved and grown more homogeneous. Young talented orchestra members are given the opportunity to play on a top instrument. A win-win situation for both parties.
- The purchase of stringed instruments costs orchestra's and musicians a lot of money
- It is difficult to belong to the top without decent instruments
- Stringed instruments are an excellent investment
The solution: bring into contact musicians and investors.
The Brussels Philharmonic Foundation serves as an administrative office. The investor will offer the instrument to the foundation in return for the issue of a certificate bearing his or her name. This will ensure a separation between the legal and economic property of the instrument.
The Foundation in numbers
50.000€ > the minimum investment into the project
15% > percentage of expected added value
1 on 1 > the Foundation will work on the principle of a 1 on 1 relationship between investor, instrument and musician; every investor takes the full responsibility (and carries the full risk) for the instrument he signs for
5 years > the minimum timeframe the instrument has to stay within the foundation. After 5 years, the investor can sell it at any moment. It is then up to the foundation to find a new investor, and, if the buyer wants to take the instrument out of the foundation, to find a new instrument.
For more information, please contact Véronique Bossaert: vbo(at)brusselsphilharmonic(dot)be | +32.2/627 11 65