---------------------- multipart/alternative attachment In a message dated 7/26/01 7:20:45 AM Central Daylight Time, mfarrel2@tampabay.rr.com writes: > I'm always trying to better my ability to value pianos. My understanding > (from Larry Fine's book) is that a good rule of thumb is to devalue a piano > from new, 25% every 5 to 10 years. Using that, this Bosey might be worth > less than $40,000. Larry's guide does not take into account calculating > cost of repairs. > > I curious about just how you figure for something like this. Is this your > general rule to take 10% off per year and then subtract cost of repairs to > make it like new? My guess is this would fall apart for a piano that is in > very good condition and 20 years old, but might be real good for older > pianos. Please fill me/us in on any details I have not identified. Thanks! > > Terry Farrell > Terry I think Larry's figures are too high. The way he has it, in 40 years a piano would have no value. We all know that is not true. Even when you take my figure of 10% per ten years you have to take into consideration overall condition, original quality, etc. And that is not even counting cost of repairs. Wim ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/25/3c/76/43/attachment.htm ---------------------- multipart/alternative attachment--
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