Why was the Violin famous?
In it's 300 plus year history it was only owned by one well known musician and very briefly at that. All the other owners were orphans and gypsies, except for the Chinese lady and it was never implied that she was famous.
I could see it being famous if he had it for a long period of time and gave many concerts but going by the movie he only gave one with the Red Violin.
I thought P.E.T.A. meant People Eating Tasty Animals