1905 Steinway D

[Farrell]

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I like these. I'll take a shot.

1. What's it worth as is?
What is salvage value of the instrument? Ebony D - Hmmmmm - 1905 is good =
era - maybe $10,000? Case sounds like it is shot. Action sounds like it =
is shot. Both these get Zero value added. 15 year old belly work that is =
sorta OK - (I'll assume bridges were NOT recapped and soundboard is =
original???) maybe add $2,000 (not really worth even that much, but if =
it is working OK, it'll give the owner a little time before they NEED to =
address the belly - I suppose that is worth something). So there you =
have it. $12,000 - pretty much salvage value (look for other input on =
salvage value of this era model - I am NO expert).

2.What's your guess on price of reconditioning the action?
I'll assume you have the glued flange type backaction - YUK! A grand for =
the back action (check with Renner on price). For the rest of the NEW =
action (everything except keys, action frame, stack frame) about $2,500 =
to $3,000. (Make SURE action geometry is right-on first!)

"wants the piano to play as one would expect from a well repaired and =
maintained Steinway" May I ask, why settle for mediocre? I would HIGHLY =
suggest that a world-class instrument such as this get nothing less than =
a full Stanwood Touchweight Design installation. You don't necessarily =
need to do the wippen springs (unless you want that advantage). Add =
perhaps $1,200 for wippen-springless Stanwood (get quote from David - =
and oh, please don't settle for less).

3.What's it going to be worth when it is completed?
After the action work, or after ten more years when the piano gets a new =
board, Sanderson bass strings, new bridges, and a complete refinish? If =
we are just talking after the action work, take the $12,000 salvage =
value and add the value of the action improvements. Although, my guess =
is that the value might be quite a bit more if you do the Stanwood =
installation and the prospective purchaser is a high-end pianist - they =
would likely fall in love with it and pay anything!

Please someone write more on this and correct all my mistakes and =
oversights!

Terry Farrell
Piano Tuning & Service
Tampa, Florida
mfarrel2@tampabay.rr.com
  ----- Original Message -----=20
  From: Paul=20
  To: pianotech@ptg.org=20
  Sent: Wednesday, December 06, 2000 11:28 PM
  Subject: 1905 Steinway D


  List
  The local Bible College has a 1905 Steinway D. It was restrung about =
15 years ago. That work is passable. The case was refinished, but the =
results looks best from about 50 feet. About all that was done was fill =
the dents, spray it with black lacquer, and rub it down over the orange =
peel. Possible budget constraints played a part. The College is  OK with =
the case and restringing and are now looking at reconditioning the =
action. I suggested they start with the key frame and replace just about =
everything to get past all the makeshift repairs from the past years of =
service. This should include the back action and dampers. The person in =
charge of the instrument has some technical background as well as =
performance skills and wants the piano to play as one would expect from =
a well repaired and maintained Steinway. He asked me what the piano is =
currently worth and what it would be worth after the work was completed. =
There are not many of these around here, so I don't know what to tell =
him.

  Basically, the work that has been recently done i.e. the belly work, =
bridge work, and restringing is OK but cosmetically tacky. Same for the =
case. The action needs the works. The keytops have been replaced and =
that is a first rate job. So, here's my questions:
  1. What's it worth as is?
  2.What's your guess on price of reconditioning the action?
  3.What's it going to be worth when it is completed?

  I understand the variables that play into this, but a ball park is =
what they are after.

  Thanks for your input.

  Paul Chick

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