I think the $1 million plus price was paid by The Bill Monroe Foundation in Rosine KY. I have had occasion to e-mail Campbell Mercer, executive director of the BMF. I believe in one of his updates or e-mails he mentioned that the foundation had raised the funds to buy the instrument. They have also restored the original Monroe homestead in Rosine and there are plans for a State Park to be built around the house and grounds. There is also to be a museum on the site.