A dealer price is not necessarily fair market value. We are talking about a private sale, what would that bring. Normally it is 20-40% less than what a dealer would charge. This piano is coming with no warranty, no sprucing up, no free tuning and no free delivery. Since appearance rules in a used piano sale I'm having trouble believing an older piano with a faded finish and extensive touch up would bring that much. For a private sale I'd bet in the $3k-$4k range. Dean Dean May cell 812.239.3359 PianoRebuilders.com 812.235.5272 Terre Haute IN 47802 _____ From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Michael Magness Sent: Thursday, August 23, 2007 9:05 PM To: Pianotech List; Farrell Subject: Re: Determination of "Fair Market Value"? Kawai 500 5'10" Grandfrom1966 Thanks Terry, that's about the ballpark I was thinking but due to the age I just wasn't sure, I suppose the valuation will depend on whether a family member takes it or they decide to sell it. The guy's a lawyer but it's his family. On 8/23/07, Farrell <mfarrel2 at tampabay.rr.com> wrote: >From the information given, I'll assume the piano is in "average" or "good" condition. IMHO: A private sale midwest USA price might be around $4-5K - maybe as high as $6K. A dealer midwest USA price with some cleanup might be around $6-7K Terry Farrell ----- Original Message ----- This is a 5'10" oak finish Kawai grand in remarkably good shape considering it's age. Tuning pins are tight, action could use a regulation and hammer shape but it doesn't appear to have been played much. The finish has some sun fade, and was "touched up" in places on corners and around the fall board which now stand out with the sun fade. I was asked to look at it for the family the owner is in a nursing home, the house and contents are being either split among relatives or sold. If taken by a relative it must have a fair market value placed on it. I'm open to opinions/suggestions. Mike -- Michael Magness Magness Piano Service 608-786-4404 www.IFixPianos.com <http://www.ifixpianos.com/> email mike at ifixpianos.com -- Michael Magness Magness Piano Service 608-786-4404 www.IFixPianos.com email mike at ifixpianos.com -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20070823/919e2c02/attachment.html
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