<HTML><HEAD> <META charset=US-ASCII http-equiv=Content-Type content="text/html; cha= rset=US-ASCII"> <META content="MSHTML 6.00.2800.1170" name=GENERATOR></HEAD> <BODY style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: #fffff= f"> <DIV> <DIV>In a message dated 4/12/04 6:33:40 PM Central Daylight Time, okeyes@uid= aho.edu writes:</DIV> <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: blue = 2px solid"><FONT face=Arial>With some regulation & voicing<BR>this cou= ld be very serviceable.  However, as part of the inheritance, it<BR>cou= ld also be completely rebuilt.  Given its remarkably good condition and= <BR>age, it may have some "historical/antique value", which modern rebuildin= g<BR>would destroy. While it may be a better piano at the end of that proces= s, it<BR>may be a less valuable one in "antique" terms.<BR><BR>They also nee= d a current valuation of the piano in its current condition for<BR>tax purpo= ses.  I am assuming a wholesale value with the view to a complete<BR>re= building -- setting aside the subjective "antique" value.  Any thoughts= <BR>from all of you on this subject?<BR><BR>Thanks,<BR><BR>Otto</FONT></BLOC= KQUOTE></DIV> <DIV>Otto</DIV> <DIV> </DIV> <DIV>I would suggest that the piano be kept in it's original condition,= until such time that it does indeed HAVE to be rebuilt. </DIV> <DIV> </DIV> <DIV>As far as value is concerned, one of the factors that would need to be = considered is the location. How many people in Moscow, or the surroundi= ng area, are in a position to buy a 1897 S&S A? If the piano is advertis= ed nationally, the transportation factor needs to be considered. </DIV> <DIV> </DIV> <DIV>Any instrument is worth what it is, in it's current condition. Start fr= om the point that a potential buyer wants it for their own use, not as an in= vestment for speculation. It wouldn't necessarily be a wholesale value,= because, according to you, it is in very serviceable piano. </DIV> <DIV> </DIV> <DIV>So let's assume some wealthy person in Moscow wants to buy this thing. = I don't know the market there, but if this was in the Northeast, I woul= d think a piano like this would be worth about $20,000 -- $25,000. Subtract = from that what you think it needs to make it better, but without replacing p= arts, or refinishing the case, and subtract what you think is the economic d= ifference between the Northeast and western Idaho. </DIV> <DIV> </DIV> <DIV>Hope this helps. </DIV> <DIV> </DIV> <DIV>Wim </DIV> <DIV> </DIV></BODY></HTML>