<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; = charset=US-ASCII"> <TITLE>Message</TITLE> <META content="MSHTML 6.00.2800.1400" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; BACKGROUND-COLOR: = #ffffff" bgColor=#ffffff> <DIV><SPAN class=959081719-13042004>Hi Otto,</SPAN></DIV> <DIV><SPAN class=959081719-13042004></SPAN> </DIV> <DIV><SPAN class=959081719-13042004>I think I would contact the = Restoration Department at Steinway in NY. They will be able to give you an idea of = what they sell (or have sold) similiar pianos that they have rebuilt. Subtract the = cost of doing the work and you would have a good idea of the high end of it's = value. The ones I've seen at Steinway Hall were priced at about $80K (!) but they = looked and sounded outstanding. </SPAN></DIV> <DIV><SPAN class=959081719-13042004>They do <STRONG>very </STRONG>nice = work in the Resoration Dept. This piano might be a candidate for = them.</SPAN></DIV> <DIV><SPAN class=959081719-13042004></SPAN> </DIV> <DIV><SPAN class=959081719-13042004>Call Mike Megaloudis, Sales, = Restoration Department, Steinway & Sons, Queens, NY   tel  718 = 204 3122.</SPAN></DIV> <DIV><SPAN class=959081719-13042004></SPAN> </DIV> <DIV><SPAN class=959081719-13042004></SPAN> </DIV> <DIV><SPAN class=959081719-13042004>Regards,</SPAN></DIV> <DIV><SPAN class=959081719-13042004></SPAN> </DIV> <DIV><SPAN class=959081719-13042004>Phil Romano</SPAN></DIV> <DIV><SPAN class=959081719-13042004>Coastal Carolina = University</SPAN></DIV> <DIV><SPAN class=959081719-13042004>Conway, South = Carolina</SPAN></DIV> <BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px"> <DIV></DIV> <DIV class=OutlookMessageHeader lang=en-us dir=ltr = align=left><FONT face=Tahoma>-----Original Message-----<BR><B>From:</B> = caut-bounces@ptg.org [mailto:caut-bounces@ptg.org] <B>On Behalf Of </B>Otto = Keyes<BR><B>Sent:</B> Tuesday, April 13, 2004 1:23 PM<BR><B>To:</B> College and University Technicians<BR><B>Subject:</B> Re: 1897 S&S A<BR><BR></FONT></DIV> <DIV>Thanks Wim,</DIV> <DIV> </DIV> <DIV>Anybody else have any thoughts to share?  I'm not so = concerned about the valuation.  That can be determined without a great deal of difficulty.  Rather, I am concerned about the direction = I should steer them.  Normally a piano this old would be a = no-brainer, but the situation is unique, & I could use as much input as = possible.</DIV> <DIV> </DIV> <DIV>Thanks,</DIV> <DIV> </DIV> <DIV>Otto</DIV> <BLOCKQUOTE dir=ltr style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B> <A title=Wimblees@aol.com href="mailto:Wimblees@aol.com">Wimblees@aol.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=caut@ptg.org href="mailto:caut@ptg.org">caut@ptg.org</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, April 13, 2004 = 8:10 AM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: 1897 S&S = A</DIV> <DIV><BR></DIV> <DIV> <DIV>In a message dated 4/12/04 6:33:40 PM Central Daylight Time, <A = href="mailto:okeyes@uidaho.edu">okeyes@uidaho.edu</A> = writes:</DIV> <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: blue 2px = solid"><FONT face=Arial>With some regulation & voicing<BR>this could be = very serviceable.  However, as part of the inheritance, = it<BR>could also be completely rebuilt.  Given its remarkably good condition and<BR>age, it may have some "historical/antique value", which = modern rebuilding<BR>would destroy. While it may be a better piano at the = end of that process, it<BR>may be a less valuable one in "antique" terms.<BR><BR>They also need a current valuation of the piano in = its current condition for<BR>tax purposes.  I am assuming a = wholesale value with the view to a complete<BR>rebuilding -- setting aside = the subjective "antique" value.  Any thoughts<BR>from all of you = on this subject?<BR><BR>Thanks,<BR><BR>Otto</FONT></BLOCKQUOTE></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 surrounding area, are in a position to buy a 1897 S&S A? If the = piano is advertised 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 from the point that a potential buyer wants it for their own use, = not as an investment 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 would 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 parts, or refinishing the case, and subtract what you = think is the economic difference between the Northeast and western Idaho. </DIV> <DIV> </DIV> <DIV>Hope this helps. </DIV> <DIV> </DIV> <DIV>Wim </DIV> <DIV> </DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>