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| First Powell Platinum Flute - second from top |
In 1938, Verne Powell was
commissioned by Engelhard Metals to create a Concert C flute made of platinum for
the Engelhard exhibit at the 1939 World’s Fair.
Mr. Powell immediately set to the task, and in 1939, he completed Powell
#365 – a platinum flute with sterling silver keys. He engraved the Trylon and Perisphere (the
logo for the fair) on the barrel to indicate its unique origin.
One week before the flute
was supposed to be delivered to the Fair, William Kincaid (Philadelphia
Orchestra, principal flute) came to visit Mr. Powell in his workshop. Powell asked Kincaid to test the new flute he
had made. Kincaid tried the new flute
and was amazed at its fluidity and color.
He offered to purchase the instrument on the spot. Mr. Powell explained that the flute was to be
delivered to the Fair, but that after the show Mr. Kincaid could purchase
it.
As soon as the instrument
was back in Boston, Mr. Kincaid picked it up – and from that day until his
death in 1967, it was his number one flute.
When Mr. Kincaid passed away,
he left his platinum Powell flute to Elaine Shaffer, a favorite student of his
at the Curtis Institute of Music. She went on to become principal flutist with
the Houston Symphony and later enjoyed a career as a soloist. In a tragic turn, Ms. Shaffer passed away in
1973 at age 47 of lung cancer. Kincaid’s platinum flute, along with Shaffer’s 3
other Powell instruments were left to her husband.
Ms. Shaffer’s husband, Efrem
Kurtz, was a conductor (Houston Symphony) and understood the value of these
flutes. He kept them in his possession
until 1986 when he put them up for auction at Christie’s auction house in New
York City.
The auction was held in
November and was attended by many fine musicians. The first silver flute offered at the auction
was sold for $4,400 to a professional orchestral flutist, and the second silver
flute went to the (then) President of the New York Flute Club for $4,950. The 14k gold flute was sold to an anonymous
bidder for $27,500.
When the bidding for the
Platinum flute began, there were only two parties involved - a New Hampshire antiques
dealer and a well-known collector of antiques in New York City who was also a flutist. The auction also drew some very notable celebrated
figures, including Andy Warhol, who was a friend of the New York City-area
collector. As the bidding increased to
$80,000, the New Hampshire-area dealer dropped out, but a yet another collector
stepped in his place.
The antiques collector from
New York City won the auction with a closing bid of $170,000. He paid a total of $187,000 with the buyer’s
premium and a record for the purchase of any flute. Today’s equivalent is $356,000. At the time, a new platinum flute would have
cost $16,000 – today a platinum flute starts at $36,000.
After the sale, the winning
bidder said, “I own a dozen great flutes, but this one is the best there
is. If you’re a collector, the greatest
in its field is the only thing worth having, and you have to expect to pay well
for it.”
In the recent past, Powell #365 was on loan to the Metropolitan Museum of Art as part of their Musical
Instruments collection but is now in the hands of a private owner.