That add from Pearl River highlights a problem we face as dealers. Chinese manufacturers have way overproduced. The Chinese government saw the writing on the wall and sold their share in Dongbei (the largest volume grand piano builder in the world) and Gibson scooped it up to build Baldwins. There is a lot of excess inventory in China right now and they are looking for ways to move it fast. I'm afraid to buy anything wholesale because in a few months it may retail for what I paid. The shake-up in China, hopefully will reward quality, but will most likely shake out the smaller more committed builders. Don't be surprised to encounter unprepped PSOs that customers brag about getting for very cheap this fall. Andrew Anderson, Artisan Piano At 05:46 PM 3/29/2007, you wrote: >I did a tour of the Hamburg lumberyard two years ago as part of the >first round at the Hamburg Academy. They showed me pictures of what >once was... and pointed to areas that once had been chock full of >lumber and now were either sold, built over... or otherwise >occupied. I think they had something like a 10th of the amount of >wood there compared to their heyday. More writing on the wall. > >Saw an add in this months Journal for Pearl River... said something >about there being 10000 Pearl River instruments being under >construction at the moment I was reading the add.... I guess I was >supposed to be impressed. Why don't shear numbers like this impress >me ? More writing on the wall. > >I feel like there has been a great and terrible tremor in the force..... >er... >Cheers >RicB
This PTG archive page provided courtesy of Moy Piano Service, LLC