In a message dated 26/07/01 6:00:02 PM, drose@dlcwest.com writes: << They are referring to Steinway suggesting that a piano will appreciate significantly in value. I.e. A piano purchased 25 years ago would almost certainly cost much more to replace with a new piano. Therefore (in theory) the "used" piano is an "investment" as it might sell for more than you orginally paid for it. >> Don; Well 'if' that is what all the "unethical" talk is about then S&S 'does' have a point. It is rather routine for current rebuilding costs, and value, to be more than the amount paid for an S&S originaly. An example of this is the first S&S model M that I ever sold........ the purchase price, brand new, was 3,200 dollars and I would gladly give that couple (they still have the piano) almost three times what they paid for it back then........ Does this constitute an "investment"???? Inflation??? Makes no difference really though as any ole S&S would generally be worth more at any given age than most, if not all, competitive makes. "Invest" in an S&S to make money?? Well I wouldn't suggest it........... but over the long term you would certainly lose less than with some competitive brands. I would be interested in 'specifics' as to these "unethical" practices by S&S. Short of 'specifics' I would rather think this sort of stuff ought to be in private and not on the list.........but that is just my opinion. Jim Bryant (FL)
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