Piano Value Appreciation

[A440A@AOL.COM]

Greetings, 
       So,  where are the cold hard facts?  Here  is one example that just 
happened, today.
    Customer #1 has tried for two months to sell his two year old Steinway M, 
in walnut, in mint condiditon.  He couldn't get more than $23K offered, and 
doesn't know quite what to do, as he is inheriting a model C and hasn't room 
or need for two. 
   Customer #2 wants to sell her ebony1906 model O she purchased from me in 
1990 for $18,000,(since her daughters never wanted to play and she doesn't).  
The piano has a totally new action, pin-block, and stringing.  The board is 
in beautiful shape and has a LOT of sound, everywhere.  
   Customer #3 called yesterday, said he had $24 to spend, and wanted a 
Steinway grand that would hold its value.  He looked at both, and will buy 
the model O on Monday for $24,000.   
   I don't think any of the new pianos will bring 20% more than their 
purchase price after 11 years.  When buyers begin talking about investment 
potential,  the new pianos are NOT the way to go. 
Regards, 
Ed Foote RPT