For 160 years, the pianos made by Steinway & Sons have been considered the finest in the world. So when hedge fund billionaire John Paulson recently bought the company, it struck fear in the hearts of musicians: Would the famously handcrafted pianos be changed, for the sake of efficiency? Paulson, who owns several Steinways himself, says nothing will change.
This week, we're on location at Jacobs Music in Philadelphia where we visited its celebrity resident - the Horowitz Steinway CD 503 piano. Legendary pianist Vladimir Horowitz owned and played only this piano during his lifetime, and it is now on tour throughout the United States as a special envoy for the Steinway company.