[pianotech] video interview Ronald Losby, President of Steinway

[Dale Erwin]

I think historically Pre-owned /used Steinways values rises 2 % per year. But then so does inflation and the cost of a new one.
 I am currently selling a 1924 B for a client. I originally sold it to them in 1993 for 26 K rebuilt action, new strings,finish. It is a real cream puff and has a calif. preserved original sound board. Perfect Ivory, on its second family. It will blow the door of anything coming out of the factory today. No brag, just fact. :)
 Price $45 K. Someone do the math I'm going to work.
 Whatever it is their value doesn't drop like a stone as do many many pianos from other countries


Dale Erwin RPT-
 Mason & Hamlin/Steinway/U.S pianos
Pre-hung Ronsen hammer sets/Abel parts
Sitka Soundboards & Supplies
WWW.Erwinspiano.com
209-577-8397

 
  





-----Original Message-----
From: William Monroe <bill at a440piano.net>
To: pianotech <pianotech at ptg.org>
Sent: Wed, Feb 15, 2012 5:10 am
Subject: Re: [pianotech] video interview Ronald Losby, President of Steinway


Hi Jurgen,


I've a client who just purchased an 1965 M from it's original owner.  The purchase price was $4500, US.  The piano (in quite nice condition) I would suggest is probably "worth" about $12K - $16K in today's market, without any additional work.  So no, the numbers you suggest are not reasonable, however, some increase in "value" is possible.  Of course, there is inflation to consider............


But I do think that the idea that the Steinway as an investment has some merit, though probably on the order of a durable good that "maintains" it's value over time.


William R. Monroe









On Tue, Feb 14, 2012 at 10:26 AM, Jurgen Goering <pianoforte at pianofortesupply.com> wrote:

Interesting link, thanks for this, Kent.


One thing struck me:  Can anyone tell me how S&S can continue to make statements about the pianos as an investment?


Quote Ronald Losby: "They actually make a fine investment.  A piano that was built 20 or 30 years ago can command 3 to 4 times what its original purchase price was."


I am not positive on S&S prices  20 - 30  years ago, but is he really stating that someone  could sell their 1985 L for $100,000?  Or that a 1985 D could fetch  over $200,000?  To my simple way of looking at it, this sounds beyond outlandish ....




Jurgen Goering
Piano Forte  
(250) 754-2440


www.pianofortesupply.com














 
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