Steinway D value

[Tom Driscoll]

List,
    I've been asked to evaluate a Steinway D to determine value.
This is a piano that was attached in a bankrupcy proceding and is being held in storage by a trustee (Lawyer) who needs to attach a dollar value to this piano.The trustee mentioned that the owner has expressed interest in buying the piano back.
    
    The piano is an ebony D 1967 .
    In my opinion although playable this piano is rebuilding stock.
    
    Case good condition .
    
    Plate has that bronzy-crinkle finish I've seen on  S and S piano's from the mid             sixties.
    Soundboard has compression ridges and poor sustain you know where.
    Pinblock so-so --tunable but not rock solid.
    Rusty strings .
    Mold in evidence on understring felt, around bridge pins and in the action.
    Action is pre teflon but WAY out of regulation.
    Action parts are free with moderate wear
    Keytops show evidence of poor recovering. The sides of the keys have been             narrowed  and the notches are not square. worn bushings and balace rail holes .
    
    Anyway you get the picture here.

    This piano is playable and could be improved with keywork- regulation etc. but really needs re-everything to reach performance level .
    A new keyset seems necessary given the above detail
    
 
    I see three options here.
    
    1. Piano is sold to an entity to play as is with some regulation etc.
    
    2. Piano is sold to an entity ( performance venue ?) for rebuilding 
    
    3. Piano is sold to a technician as spec. piano.
    
    4 . I use the depreciation schedule in Larry Fine's  book and plug in      the current list price and the percentage of value based on age .
    The problem with this option as I see it is the poor condition factor
    
    So my good friends  your opinions on these options as to dollar value or any other insight will be as alway's appreciated.Give me a model B and I'll have an idea on these questions but I'm lost on this one.
    Tom Driscoll RPT
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