[CAUT] Update info Steinway for sale

[David Love]

Sounds about right to me.  Buying pianos to rebuild on spec these days is
risky business especially when you consider the opportunity cost of the
money that is tied up until you can sell plus the cost of selling
(commissions, ads, etc.).  With the present market conditions I'd say that
pushes the price for rebuildable grands downward.  

David Love
www.davidlovepianos.com

-----Original Message-----
From: caut-bounces at ptg.org [mailto:caut-bounces at ptg.org] On Behalf Of
A440A at aol.com
Sent: Tuesday, July 14, 2009 7:14 AM
To: caut at ptg.org
Subject: Re: [CAUT] Update info Steinway for sale

Dan writes:

<< If anyone is interested in this piano for your school or private use, 
please let me know.  The owner's indication to me is that any reasonable
offer 
will be considered. >>

         I think a reasonable price for rebuildable Steinway grands is $ 
1,000 per foot, if ebony, $1,300 if natural wood, with rosewood going for 
maybe $1,800 per foot.  Fancy cases will of course be worth more.   Add
maybe 
another $250 if the ivory is good. 
     For those of us that must contract out certain procedures, (such as 
soundboards running about $10,000  depending on transportation, etc , 
refinishing at $ 6,000,) plus the cost of the piano at $6,000, cost of
action parts 
at near $3,000, the labor of doing the action, regulating, tuning, tuning 
tuning,  cartage, back-up visits, and assuming the responsibility of a 
warranty,  my market experience says that to sell it for $35,000
(difficult to do these days),  will net no more than what could have been 
made doing all this work for someone else on their own piano! 

        Anybody else got different figures for projects like this?  I would 
love to know how the economics of rebuilding differ in other parts of the 
country. 
Thanks, 
       
Ed Foote RPT 
http://www.uk-piano.org/edfoote/index.html
www.uk-piano.org/edfoote/well_tempered_piano.html
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