Kawai worth

[Wimblees@aol.com]

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In a message dated 3/26/02 11:24:10 AM Central Standard Time, A440A@aol.com 
writes:


> I have just been asked to evaluate (for donation to a State University) a 
> Kawi KG-2E. The piano has never been played, not a scratch on it, not a 
> string mark on the hammers.  It is 10 years old and may as well be a new 
> piano,(though the bass windings are not as bright as brand new copper).  It 
> does need to be regualated and tuned.   
>     Anybody care to throw out what the fair market value of this piano 
> might 
> be?  I don't know that the model is still made, so I don't think I can get 
> a 
> direct comparison. The dealer, of course, wants the figure to be as high as 
> possible, (he mentioned $20,000) the IRS wants it to be as factual as 
> possible (makes me think more like $12,000 tops).  
>    ??? 
> Thanks, 
> Ed Foote RPT 
>      
> 

Ed

In 1991, according to Ancot, the retail price of a new KG 2E (5'10") was 
$12,580.00. A new 5'10" RX -2 is $21,390.00. If it is indeed in pristine 
condition, for IRS purposes, I think $15,000 would be fair. 

Mind you, that is only as an appraised value for donation purposes. The 
actual selling price on the open market by a private seller would be in the 
$8 - $10,000 range. A dealer could maybe get $12,000. (With an asking price 
of $21,390, he would probably sell a new one for just a little more than 
that.)  

Wim 

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