Piano Finder Fee

[Erwinspiano@aol.com]

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Terry
    I've actually done this many, many times  Terry.
   If I don't have the piano in possession & my  job is to represent the 
piano as purchase worthy & I'm just hooking up two  people with good information & 
the results of the inspection , It's  usually  between 3% to10%. A lot 
depends on your/my efforts. Sometimes I  meet the clients at the place where the 
piano is stored & sometimes multiple  clients which take time. I also won't 
represent anything I don't like or if I do  on occasion it gets many qualifying 
statements such as , this is what it is  but its not that etc. 
   We should be compensated for our time ,  integrity & reputation. I'm 
humbled &  honored that most people  come to me because they trust my opinion and 
such  case with  you  brethren. 
    Trust is a sacred and also a valued  commodity & frankly it makes or 
breaks any sale. SO if you have that kind of  weight & good will in the  bank of 
public trust then your word &  opinion will make the deal. What that's worth 
will vary.
  If I take a grand piano in on actual consignment then  the usual & 
customary fees are between 25 & 35% of gross. This is  considering that is in sale 
worth condition. If not repairs are in order &  not included otherwise  That  
percentage quoted covers moves, tuning  advertising & time spent marketing etc.  
Sometimes its a win &  sometimes not. I don't usually do this with upright as 
there isn't usually  enough money in it
   Merry Christmas to all
   Dale

So it seems apparent to me that he is willing to  pay a finder's fee if I 
find him a nice piano. I am aware that some  dealers will sell a piano for a 
private owner on consignment. I don't  know what percentage is typical. I sold two 
bicycles at two different stores  for a 25% consignment fee. I have a third 
at another store that will charge a  15% consignment fee. What kind of 
consignment fees do stores charge for a  piano sold on consignment. Is that any basis 
for a finder's fee?
 
Has anyone done this sort of thing for a third  party? How did it work. What 
were the financial arrangements?
 
Thanks.
 
Terry  Farrell



 

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