A remarkable violin ascribed to Hannibal Fagnola has auctioned for £85,250 ($128,474) at Bonhams' London sale of fine musical instruments.

Hannibal Fagnola violins are popular among auction-goers and musicians alike

Estimated at £60,000, the 1930-dated instrument brought an impressive 42.1% increase.

Hannibal Fagnola violins are popular among auction-goers and musicians alike. The present Turin-made example boasts a deep red exterior and remains in fine condition.

A Fagnola violin dated 1928 sold for £115,250 ($173,661) at Sotheby's in October 2011. The average cost of such a violin is about £70,000 ($105,500).

Authenticated in 2013, the present violin last appeared at auction in 1980, at Sotheby's, where it sold for an undisclosed sum.

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