Controversial New York-based string instrument collector, entrepreneur, tropical fish expert and philanthropist Herbert Richard Axelrod has passed away in Switzerland – aged 89.
Axelrod rose to musical notoriety in 1998 after donating a full set of Stradivari string quartet instruments, controversially estimated at the time to be worth US $50 Million, to the Smithsonian Institution in Washington DC.
He later sparked further controversy after selling a large collection of 30 fine string instruments to the New Jersey Symphony Orchestra – which were later determined by experts to be mislabeled, misrepresented and significantly overvalued.
Axelrod was jailed in 2005 on unrelated tax evasion charges.
PHOTO CREDIT: Matt Rainey/The Star-Ledger
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