If they want full replacement value for their insurance, the value is current NY retail for the same model: $56,800 for a Satin Ebony, upwards for other finishes. If you are looking for a Fair Market Value (FMV), only the appraiser can faithfully establish that, as you (the appraiser) are responsible for checking every detail of the belly, action, finish, trapwork, etc. and assessing its condition. FMV also depends upon where you live and what your local market will support to some degree. In other words, as we tell our clients when they call, "I really can't tell you without first seeing the instrument." My gut says that if the belly/trapwork/finish is original, and the action is new, depending upon the quality of the job and parts, it might be worth somewhere between $15K and $30K. How's that for exacting? William R. Monroe On Fri, Mar 20, 2009 at 2:00 PM, Phil Frankenberg <philfrank56 at comcast.net>wrote: > I have friend with 1921 Steinway "O". She has asked for a value for > insurance purposes. The action was rebuilt four years ago, but everything > else about the piano is the wear you might expect afer 90 years. The piano > sounds and plays very good. I'd appreciate if someone could help me with a > fair replacement value for insurance. Thanks. > > Phil Frankenberg > CSUChico > Chico, Ca. > -- William R. Monroe, RPT A440-William R. Monroe Piano Services, Inc. 314 E. Church St. Belleville, WI 53508 608-215-3250 www.a440piano.net -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech_ptg.org/attachments/20090320/5bd2d798/attachment.html>
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