Have you ever heard of a Stradivarius violin? It’s the gold standard of violins—instantly recognizable and famously expensive. These aren’t $29.95 instruments. One sold for $1 million, another for $4 million, and two went for $10 million each. Recently, one sold for an astonishing $16 million and is currently being played by a musician. Now, I doubt the musician bought it—most can’t afford a $16 million anything—but the question remains: why is it worth so much?
There are a few reasons. First, Stradivarius violins are…
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