bosendorfer research

[Stephen Airy]

What would you say an Imperial that is in bad shape
(like a piano (although this is an unknown-brand
upright) in a picture which you can see by going to
http://briefcase.yahoo.com/stephen_airy then clicking
on pianostuff then RCPiano.jpg) would be worth?  


--- "Elian Degen J." <degen@telcel.net.ve> wrote:
> Wim, Terry and List
> 
>  I also use that approach, roughly and  it works for
> me it is a question of intrpretation, the rule works
> substracting 25% from the remaining 
> 
> This way if a piano value is lets say 100000.00 
> after 10 years 75000.00  next ten years 56250.00 and
> so on in 40y you end up with a US$ 31640.00 (applied
> to a bossie or S&S.... ) For me that would be the
> value of a high end piano in top condition, from
> that you substract the cost of repairs and end up
> with quite a good aprox. 
> 
> Now if you go for a low end or inexpensive not so
> good piano, go to the25% each 5y   ie US$ 5000.00
> piano  in 20y you are left with a US$ 1581.00 which
> looks to me pretty near reality, and after all is
> just a rule of thumb the technicians expertisse is
> the one which will end up adjusting that aprox. 
> 
> My opinion at least
> 
> Elian
> 
> 
> 
>   ----- Original Message ----- 
>   From: Wimblees@AOL.COM 
>   To: pianotech@ptg.org 
>   Sent: Thursday, July 26, 2001 10:51 PM
>   Subject: Re: bosendorfer research
> 
> 
>   In a message dated 7/26/01 7:20:45 AM Central
> Daylight Time, 
>   mfarrel2@tampabay.rr.com writes: 
> 
> 
> 
>     I'm always trying to better my ability to value
> pianos. My understanding 
>     (from Larry Fine's book) is that a good rule of
> thumb is to devalue a piano 
>     from new, 25% every 5 to 10 years. Using that,
> this Bosey might be worth 
>     less than $40,000. Larry's guide does not take
> into account calculating 
>     cost of repairs. 
> 
>     I curious about just how you figure for
> something like this. Is this your 
>     general rule to take 10% off per year and then
> subtract cost of repairs to 
>     make it like new? My guess is this would fall
> apart for a piano that is in 
>     very good condition and 20 years old, but might
> be real good for older 
>     pianos. Please fill me/us in on any details I
> have not identified. Thanks! 
> 
>     Terry Farrell 
> 
> 
> 
>   Terry 
> 
>   I think Larry's figures are too high. The way he
> has it, in 40 years a piano 
>   would have no value. We all know that is not true.
> Even when you take my 
>   figure of 10% per ten years you have to take into
> consideration overall 
>   condition, original quality, etc. And that is not
> even counting cost of 
>   repairs. 
> 
>   Wim   
> 


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