Thanks for this real-world example, Terry. And nice to see you back on the list! I was wondering if you'd let yourself be eaten by a shark. :-) -- JF On Tue, Feb 2, 2010 at 5:57 AM, Terry Farrell <mfarrel2 at tampabay.rr.com>wrote: > Hi John! I might be able to give you a little help. This past spring I sold > my personal piano, a 1992 Boston GP-178 (5' 10") grand. I think the Baldwin > L is 6' 4"? My Boston was in absolute showroom condition - well, better than > showroom because it was finely regulated, etc. and I sold it for $9K. I was > happy with the sale price because of the poor sales market then. I know they > were happy with the price because they got a good deal on a fabulous piano. > When I went to tune it a few weeks after the sale, the pastor walked up to > me and said (he didn't know I was the one who sold it to them) "why did they > sell it - it's like new?" > > With that in mind, your piano is a bit larger, but a few years older, and > clearly from your description of condition, it's way down the road from what > mine was. I'd say your estimate of a realistic market value is something > pretty close to the mark - or maybe even a little less. > > Hope this helps. > > Terry Farrell > > > > On Feb 1, 2010, at 11:02 PM, John Formsma wrote: > > List, >> >> I'm writing up a market value appraisal for a 1985 satin ebony Baldwin L >> grand. Would appreciate any input on the following. >> >> It's in reasonably good mechanical condition. No obvious problems, other >> than what we've come to expect as features on Baldwin grands. >> >> There are some finish issues, which I think might cost up to $800 to >> repair to look fairly nice. Small chips and some cracking developing on the >> top of the stretcher. >> >> 1 mm of crown at the longest rib; none elsewhere. Positive bearing. >> >> Bridges OK, some minor checking in places. Sound is typical Baldwin, with >> sustain of 7 seconds at C6, 3-4 seconds at C7, >> >> Tuning pins tight, as expected. Most steel strings are coated lightly with >> rust, more at the bass end, less at the treble. All string coils are lightly >> rusted, except in the very treble section. This is the kind of rust that >> looks bad, but wouldn't necessarily affect tone or cause string breakage. It >> looks like it was in a damp environment for a while (comes from Florida >> originally). >> >> The action is in good condition -- not excessive wear. Would benefit from >> minor reconditioning (cleaning, polishing key pins, hammer reshaping) and >> regulation. >> >> According to Larry Fine's depreciation schedule and a 2008-2009 price of a >> new L at $40K, an "Average" Baldwin L would be valued roughly at $13,600. >> However, with the rust and finish issues, my "gut" tells me a more realistic >> market value would be somewhere between $7-8.5K. >> >> Input? > > -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://ptg.org/pipermail/pianotech.php/attachments/20100202/a2974b57/attachment.htm>
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