[pianotech] help with Baldwin L appraisal value

Terry Farrell mfarrel2 at tampabay.rr.com
Tue Feb 2 14:03:11 MST 2010


Ha, ha, ha-ha, ha!

Anon

On Feb 2, 2010, at 1:28 PM, Avery wrote:

> Ever heard the old thing about not mentioning someone's name unless  
> you want them to show up? Hasn't been more than 2-3 days since I  
> asked about Terry and here he is again! LOL
>
> On Feb 2, 2010, at 8:27 AM, John Formsma <formsma at gmail.com> wrote:
>
>> Thanks for this real-world example, Terry. And nice to see you back  
>> on the list! I was wondering if you'd let yourself be eaten by a  
>> shark. :-)
>>
>> --
>> JF
>>
>> On Tue, Feb 2, 2010 at 5:57 AM, Terry Farrell <mfarrel2 at tampabay.rr.com 
>> > wrote:
>> Hi John! I might be able to give you a little help. This past  
>> spring I sold my personal piano, a 1992 Boston GP-178 (5' 10")  
>> grand. I think the Baldwin L is 6' 4"? My Boston was in absolute  
>> showroom condition - well, better than showroom because it was  
>> finely regulated, etc. and I sold it for $9K. I was happy with the  
>> sale price because of the poor sales market then. I know they were  
>> happy with the price because they got a good deal on a fabulous  
>> piano. When I went to tune it a few weeks after the sale, the  
>> pastor walked up to me and said (he didn't know I was the one who  
>> sold it to them) "why did they sell it - it's like new?"
>>
>> With that in mind, your piano is a bit larger, but a few years  
>> older, and clearly from your description of condition, it's way  
>> down the road from what mine was. I'd say your estimate of a  
>> realistic market value is something pretty close to the mark - or  
>> maybe even a little less.
>>
>> Hope this helps.
>>
>> Terry Farrell
>>
>>
>>
>> On Feb 1, 2010, at 11:02 PM, John Formsma wrote:
>>
>> List,
>>
>> I'm writing up a market value appraisal for a 1985 satin ebony  
>> Baldwin L grand. Would appreciate any input on the following.
>>
>> It's in reasonably good mechanical condition. No obvious problems,  
>> other than what we've come to expect as features on Baldwin grands.
>>
>> There are some finish issues, which I think might cost up to $800  
>> to repair to look fairly nice. Small chips and some cracking  
>> developing on the top of the stretcher.
>>
>> 1 mm of crown at the longest rib; none elsewhere. Positive bearing.
>>
>> Bridges OK, some minor checking in places. Sound is typical  
>> Baldwin, with sustain of 7 seconds at C6, 3-4 seconds at C7,
>>
>> Tuning pins tight, as expected. Most steel strings are coated  
>> lightly with rust, more at the bass end, less at the treble. All  
>> string coils are lightly rusted, except in the very treble section.  
>> This is the kind of rust that looks bad, but wouldn't necessarily  
>> affect tone or cause string breakage. It looks like it was in a  
>> damp environment for a while (comes from Florida originally).
>>
>> The action is in good condition -- not excessive wear. Would  
>> benefit from minor reconditioning (cleaning, polishing key pins,  
>> hammer reshaping) and regulation.
>>
>> According to Larry Fine's depreciation schedule and a 2008-2009  
>> price of a new L at $40K, an "Average" Baldwin L would be valued  
>> roughly at $13,600. However, with the rust and finish issues, my  
>> "gut" tells me a more realistic market value would be somewhere  
>> between $7-8.5K.
>>
>> Input?

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