need help on an appraisal

Wimblees@aol.com Wimblees@aol.com
Wed, 9 Oct 2002 10:40:38 EDT


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In a message dated 10/9/02 8:46:10 AM Central Daylight Time, Kdivad@aol.com 
writes:


> Wim and Gordon, I have not seen a Steinway "M" in that price range for 
> several years and I am talking wholesale prices.  I do not want to inflate 
> the value of used Steinways but just to find a rebuildable "M" to restore 
> will cost in the $10,000.00 range, (I have bought 4 in the last 2 years).  
> If the Steinway we are talking about gets destroyed the owner would find it 
> nearly impossible to replace it with just $7500.00.
> My vote would be in the $12,000.00 to $15,000.00 range depending on the 
> condition.
> 
> David Koelzer
> 

David

If you're paying $12,000 for a rebuildable Steinway M, what are you able to 
sell if for after you've rebuilt it? A total rebuild, including finish, new 
board, block, strings, etc., will be in the $15 - 20,000 range. That would 
put the selling price about $25 - $30,000. A brand new M can be bought for 
that figure. 

Wim 

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