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Monday, August 24, 2020 - 22:48
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When billionaire tycoon John Paulson bought Steinway & Sons for € 386 million in mid-2013, rumors began to spread on Wall Street that high-end instruments offered significant advantages as an alternative investment. Someone raised the alarm: the German manufacturer's pianos were appreciating between 4% and 7% every year . "The instruments in our catalog acquired 50 years ago are now priced nine times higher than their original value", n
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