The Toronto Symphony Orchestra (TSO) has made a $12 million deficit in 2015. Facing this loss, the orchestra has developed a plan to ease the financial pressure by selling one of its more valuable assets: a viola (apparently, the 1703 Amati used by TSO principal violist Teng Li). In fact, this is not a sale to a third person, but a transfer of the instrument to the Toronto Symphony Foundation, a separate non-profit organisation which controls the orchestra’s endowment, in exchange for $4 million, which is equal to the instrument’s most recent valuation. This make-up could help to bring the financial figures in a better shape.

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