What would you say an Imperial that is in bad shape (like a piano (although this is an unknown-brand upright) in a picture which you can see by going to http://briefcase.yahoo.com/stephen_airy then clicking on pianostuff then RCPiano.jpg) would be worth? --- "Elian Degen J." <degen@telcel.net.ve> wrote: > Wim, Terry and List > > I also use that approach, roughly and it works for > me it is a question of intrpretation, the rule works > substracting 25% from the remaining > > This way if a piano value is lets say 100000.00 > after 10 years 75000.00 next ten years 56250.00 and > so on in 40y you end up with a US$ 31640.00 (applied > to a bossie or S&S.... ) For me that would be the > value of a high end piano in top condition, from > that you substract the cost of repairs and end up > with quite a good aprox. > > Now if you go for a low end or inexpensive not so > good piano, go to the25% each 5y ie US$ 5000.00 > piano in 20y you are left with a US$ 1581.00 which > looks to me pretty near reality, and after all is > just a rule of thumb the technicians expertisse is > the one which will end up adjusting that aprox. > > My opinion at least > > Elian > > > > ----- Original Message ----- > From: Wimblees@AOL.COM > To: pianotech@ptg.org > Sent: Thursday, July 26, 2001 10:51 PM > Subject: Re: bosendorfer research > > > In a message dated 7/26/01 7:20:45 AM Central > Daylight Time, > mfarrel2@tampabay.rr.com writes: > > > > I'm always trying to better my ability to value > pianos. My understanding > (from Larry Fine's book) is that a good rule of > thumb is to devalue a piano > from new, 25% every 5 to 10 years. Using that, > this Bosey might be worth > less than $40,000. Larry's guide does not take > into account calculating > cost of repairs. > > I curious about just how you figure for > something like this. Is this your > general rule to take 10% off per year and then > subtract cost of repairs to > make it like new? My guess is this would fall > apart for a piano that is in > very good condition and 20 years old, but might > be real good for older > pianos. Please fill me/us in on any details I > have not identified. Thanks! > > Terry Farrell > > > > Terry > > I think Larry's figures are too high. The way he > has it, in 40 years a piano > would have no value. We all know that is not true. > Even when you take my > figure of 10% per ten years you have to take into > consideration overall > condition, original quality, etc. And that is not > even counting cost of > repairs. > > Wim > __________________________________________________ Do You Yahoo!? Make international calls for as low as $.04/minute with Yahoo! Messenger http://phonecard.yahoo.com/
This PTG archive page provided courtesy of Moy Piano Service, LLC