A movie last year called A Late Quartettold the traumatic story of what happens when a famous string quartet has to change personnel. But, in fact, most string quartets — like symphony orchestras, only more conspicuously — continually change players, because players retire, or die, or get more lucrative offers.
Steinway & Sons, the 160-year-old musical instrument maker, is set to change hands.
Last month, a private equity firm emerged as the company's likely buyer. But a mystery bidder — rumored to be hedge fund manager John Paulson — has swooped in at the last minute, and now looks likely to take control of one of the oldest manufacturers in the United States. Paulson made billions betting against the housing market at a time when many thought housing prices could only go up. His reported offer for the company is $458 million.
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Pablo Helguera is a New York-based artist working with sculpture, drawing, photography and performance. His new book isHelguera's Artunes. You can see more of his work at Artworld Salon and on his own site.