A violin handcrafted in 1714 by Antonio Stradivari, the famous Italian luthier, has been sold for $11.25 million by Boston’s New England Conservatory (NEC) at a Sotheby’s auction. The music school will use the proceeds from the storied violin’s sale to create a new scholarship opportunity for students.

A violin made by the famed Antonio Stradivari in 1714 has the potential to become the most expensive musical instrument ever sold when it goes up for auction at Sotheby's in New York.

The Joachim-Ma Stradivarius violin, regarded as one of Antonio Stradivari's best works, sold for $11.3 million at an auction in New York.