An untrue from Steinway was Re: Do Steinways appreciate?

J Patrick Draine draine@mediaone.net
Fri, 28 May 1999 08:33:34 -0400


>Wimblees@AOL.COM wrote
>
>>
>> Yes, salesmen do say anything to make a sale. But when the former president
>> of the company makes that statement, it becomes more than just sales hype.

My recollection is that the "value appreciation" sales rap was pushed
hardest immediately after the late 70s early 80s inflation boom, a brief
period when 10 or 15 year old Steinways had appreciated dramatically (but
not as much as the interest rates which were peaking at around 20%).

Patrick




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