---------------------- multipart/alternative attachment In a message dated 10/9/02 1:29:35 PM Central Daylight Time, Wimblees@aol.com writes: > > David > > This is where the fallacy comes in. You have not "made" $7000 in a year. > How much time did you spend working on this piano? That is what you are > getting paid for. You spent countless hours working for that money. Time > you could have spent working on someone else's piano. > > Wim > > Wim, because we were just generalizing figures it may seem like I am making nothing on the investment. This is how it works for me, I spend $10k on a "M"( if it needs a new soundboard I do not buy it). I restore the piano and allow $8k toward costs which is approximately what I charge wholesale dealers to restore their pianos. I make money on the restoration the same as if I was restoring a dealers piano but then I sell the piano and pick up another $7k. Get it? There is another way to look at it, suppose I just take the actual cost of the piano and parts which we can round to about $14k then subtract from $25k which leaves $11k for my work, far more than what I make on a wholesale restoration and still a good bit more than what I make on a retail restoration. The point here though is not what I can make speculating, but how much is it going to cost Gordons customer to replace his piano? Regardless, if you can make money speculating or not, the price of a Steinway is the price of a Steinway. David Koelzer Vintage Pianos DFW ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/46/f7/33/38/attachment.htm ---------------------- multipart/alternative attachment--
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