[pianotech] Monetary evaluation

[Terry Farrell]

Wow Wim - the prices for pianos in Hawaii must really have skewed your  
pricing of pianos. $10K for a basket-case small S&S? Yikes! Worth  
$15K? Double Yikes! $5K sounds much more realistic.

Terry Farrell

On Feb 20, 2010, at 1:15 PM, wimblees at aol.com wrote:

> Denise
>
> This is a case of what you're looking for. Are you looking for the  
> value of the piano as is, for a potential buyer who wants to restore  
> the piano, or at least get it playing? Or are you looking for the  
> price of what the piano will sell for, for the person who wants to  
> sell the piano. Or are you looking to give a bid to want to buy the  
> piano for spec?
>
> For the buyer, you should consider the cost of total restoration. If  
> that person wants to buy the piano, and keep it indefinitely, the  
> piano should be worth in the neighborhood of $10,000. If you're  
> trying to get a price of what the piano will sell for, you might say  
> to the customer it's worth $15,000, but in our current economic  
> situation, he should take he best offer. The market will usually set  
> the price. If you're considering buying the piano yourself, it all  
> depends on how much you want it, and how much money you have. Make  
> an offer, and see if the customer will sell. You might be able to  
> pick it up for as little as $5000, if the customer is desperate  
> enough for the money.
>
> Willem (Wim) Blees, RPT
> Piano Tuner/Technician
> 94-505 Kealakaa Str.
> Mililani, Oahu, HI  96789
> 808-349-2943
> www.Bleespiano.com
> Author of:
> The Business of Piano Tuning
> available from Potter Press
> www.pianotuning.com
>
>
> -----Original Message-----
> From: Denise Rachel <pp-ff at verizon.net>
> To: Tech List <pianotech at ptg.org>
> Sent: Sat, Feb 20, 2010 5:09 am
> Subject: [pianotech] Monetary evaluation
>
> Hello List,
>
> I am having trouble estimating the monetary value of pianos lately.   
> For many
> years I had logical formulas for arriving at a reasonable figure,  
> but those
> methods no longer serve.  The influx of PSO and our regrettable  
> economic
> situation have skewed the field.  I know of far more pianos for sale  
> than people
> looking for them right now, too.
>
> The piano in question is 1929 S&S model M.  Board and bridges  
> adequate.
> Restrung in 70's with poor wire.  Original block with size 3 pins.   
> Original
> action  --   sluggish to the point of being unplayable.  Case  
> refinished in
> ebony, but done carelessly.
>
> I'd welcome your opinions of this instrument, but even more valuable  
> would be to
> know your thought process.
>
> Also, I'd like to know exactly what years they impregnated the  
> center pin
> bushings.  Just curious, they're easy enough to spot.
>
> Thanks . . .
>
> Denise
>

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