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The one thing that I will say right away is, it's not a German workshop violin.
A violin takes about 200 hours to make. Germans make a minimum wage of around $11.60/hour. Also, you need to take into account the materials.

China is the only country that can produce a violin that cheap. After that probably comes Romania. China can produce violins completely finished for as low as $25 dollars/piece. Needless to say, you don't want one of those.

Many companies and workshops buy Chinese white unfinished violins to varnish, finish, and set them up and label as their own. The Chinese produce about 80% of the worlds violins. Maybe more considering a violin can be labeled in any way provided part of the job was done in that country. Possibly 80% of all string instruments but I don't know.