<HTML><FONT FACE=arial,helvetica><FONT SIZE=2>In a message dated 3/26/02 11:24:10 AM Central Standard Time, A440A@aol.com writes:
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<BR><BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px">I have just been asked to evaluate (for donation to a State University) a
<BR>Kawi KG-2E. The piano has never been played, not a scratch on it, not a
<BR>string mark on the hammers. It is 10 years old and may as well be a new
<BR>piano,(though the bass windings are not as bright as brand new copper). It
<BR>does need to be regualated and tuned.
<BR> Anybody care to throw out what the fair market value of this piano might
<BR>be? I don't know that the model is still made, so I don't think I can get a
<BR>direct comparison. The dealer, of course, wants the figure to be as high as
<BR>possible, (he mentioned $20,000) the IRS wants it to be as factual as
<BR>possible (makes me think more like $12,000 tops).
<BR> ???
<BR>Thanks,
<BR>Ed Foote RPT
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<BR>Ed
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<BR>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.
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<BR>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.)
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<BR>Wim </FONT></HTML>