Steinway value?

RJAY440@AOL.COM RJAY440@AOL.COM
Tue, 1 Feb 2000 20:14:20 EST


Owen, I'm jumping in a little late here but I have a couple of observations 
that I hope will be useful. Having been engaged in the rebuilding of 
Steinways almost exclusively for the past sixteen years I have seen the 
"wholesale" value of these instruments rise at an astounding rate. The going 
rate for the piano that you describe ( actually an "O") on the wholesale 
market is 8500.00-10.000.00$ Like several others I would be ecstatic over a 
return to the 3-5000.00$ Steinway! You should be aware that if this was 
indeed an "L" it would command a couple thou more as the "L" is a more 
desireable model due to the design changes incorporated as the replacement 
for the "O". I have done complete jobs on both models over the years and am 
firmly in the "L" camp as I feel that the "L" ends up being a better example 
when finished. Bear in mind that we are still talking about Steinways here. 
At my shop the going rate for a complete rebuild; including soundboard would 
be $13.500.00-$15.000.00. If it was a spec piano it would command a sale 
price of $30.000.00. Hope this helps!

Rod Pierce
Central Illinois


This PTG archive page provided courtesy of Moy Piano Service, LLC