Kimball To Sell Bosendorfer

[Kuang Wang]

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That translates to about $32,000 per piano.  That seems a little low to me.
Or maybe the dealers are making a huge margin?

Kuang

  -----Original Message-----
  From: owner-pianotech@ptg.org [mailto:owner-pianotech@ptg.org]On Behalf Of
Billbrpt@AOL.COM
  Sent: Friday, December 21, 2001 1:26 PM
  To: pianotech@ptg.org
  Subject: Kimball To Sell Bosendorfer


  Kimball Selling Piano Division

  .c The Associated Press


  VIENNA, Austria (AP) - Kimball International has agreed to sell its famed
Boesendorfer piano division to an Austrian bank.

  Helmut Elsner, president of the Bawag-P.S.K. bank, said Thursday that the
sales contract will be signed in January. He declined to name the price of
the deal.

  Under new ownership, Boesendorfer plans to increase production from the
present 500 to 800 grand pianos a year, said company officials.

  The company now employs about 230 people, most of them in its factory at
Wiener Neustadt, southeast of Vienna. Last year, it made a profit of more
than $2 million on sales of more than $16 million.

  Boesendorfer and Steinway are considered the Rolls-Royces of pianos. Among
the hundreds of virtuosi and composers associated with Boesendorfer since
the first handmade instrument was assembled in the early 19th century have
been Anton Rubinstein, Johannes Brahms and Bela Bartok.

  Boesendorfer first gained fame in the early 1800s, after contemporaries of
Franz Liszt praised it as being the first piano that was able to stand up to
the punishment meted out by the Hungarian maestro.

  Kimball acquired Boesendorfer in 1966.



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