<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:st1="urn:schemas-microsoft-com:office:smarttags" xmlns="http://www.w3.org/TR/REC-html40"> <head> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=us-ascii"> <meta name=Generator content="Microsoft Word 11 (filtered medium)"> <o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="country-region"/> <o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="PostalCode"/> <o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="State"/> <o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="City"/> <o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="place"/> <o:SmartTagType namespaceuri="urn:schemas-microsoft-com:office:smarttags" name="PersonName"/>  <style>  </style> </head> <body lang=EN-US link=blue vlink=blue> <div class=Section1> <p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size: 10.0pt;font-family:Arial;color:navy'>A dealer price is not necessarily fair market value. We are talking about a private sale, what would that bring. Normally it is 20-40% less than what a dealer would charge. This piano is coming with no warranty, no sprucing up, no free tuning and no free delivery. <o:p></o:p></span></font></p> <p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size: 10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p> <p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size: 10.0pt;font-family:Arial;color:navy'>Since appearance rules in a used piano sale I’m having trouble believing an older piano with a faded finish and extensive touch up would bring that much. For a private sale I’d bet in the $3k-$4k range. <o:p></o:p></span></font></p> <p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size: 10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p> <div> <p class=MsoAutoSig><b><font size=6 color=navy face="Bradley Hand ITC"><span style='font-size:22.0pt;font-family:"Bradley Hand ITC";color:navy;font-weight: bold'>Dean</span></font></b><font color=navy><span style='color:navy'><o:p></o:p></span></font></p> <p class=MsoAutoSig style='margin:0in;margin-bottom:.0001pt'><u1:PersonName u2:st="on"><font size=3 color=navy face="Times New Roman"><span style='font-size:12.0pt; color:navy'>Dean May</u1:PersonName>             cell 812.239.3359 <o:p></o:p></span></font></p> <p class=MsoAutoSig style='margin:0in;margin-bottom:.0001pt'><font size=3 color=navy face="Times New Roman"><span style='font-size:12.0pt;color:navy'>PianoRebuilders.com   812.235.5272 <o:p></o:p></span></font></p> <p class=MsoAutoSig style='margin:0in;margin-bottom:.0001pt'><u1:place u2:st="on"><u1:City u2:st="on"><st1:place w:st="on"><st1:City w:st="on"><font size=3 color=navy face="Times New Roman"><span style='font-size:12.0pt;color:navy'>Terre Haute</span></font></st1:City><font color=navy><span style='color:navy'></u1:City> <u1:State u2:st="on"><st1:State w:st="on">IN</u1:State></st1:State>  <u1:PostalCode u2:st="on"><st1:PostalCode w:st="on">47802</u1:PostalCode></st1:PostalCode></span></font></st1:place></u1:place><o:p></o:p></p> </div> <div> <div class=MsoNormal align=center style='text-align:center'><font size=3 face="Times New Roman"><span style='font-size:12.0pt'> <hr size=2 width="100%" align=center tabindex=-1> </span></font></div> <p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt; font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2 face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'> pianotech-bounces@ptg.org [mailto:pianotech-bounces@ptg.org] <b><span style='font-weight:bold'>On Behalf Of </span></b>Michael Magness<br> <b><span style='font-weight:bold'>Sent:</span></b> Thursday, August 23, 2007 9:05 PM<br> <b><span style='font-weight:bold'>To:</span></b> <st1:PersonName w:st="on">Pianotech List</st1:PersonName>; Farrell<br> <b><span style='font-weight:bold'>Subject:</span></b> Re: Determination of "Fair Market Value"? Kawai 500 5'10" Grandfrom1966</span></font><o:p></o:p></p> </div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'><o:p> </o:p></span></font></p> <p class=MsoNormal style='margin-bottom:12.0pt'><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>Thanks Terry, that's about the ballpark I was thinking but due to the age I just wasn't sure, I suppose the valuation will depend on whether a family member takes it or they decide to sell it. The guy's a lawyer but it's his family. <o:p></o:p></span></font></p> <div> <p class=MsoNormal><span class=gmailquote><font size=3 face="Times New Roman"><span style='font-size:12.0pt'>On 8/23/07, <b><span style='font-weight:bold'>Farrell</span></b> <<a href="mailto:mfarrel2@tampabay.rr.com">mfarrel2@tampabay.rr.com</a>> wrote:</span></font></span> <o:p></o:p></p> <div bgcolor="#ffffff"> <div> <p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt; font-family:Arial'>From the information given, I'll assume the piano is in "average" or "good" condition.</span></font><o:p></o:p></p> </div> <div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'> <o:p></o:p></span></font></p> </div> <div> <p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt; font-family:Arial'>IMHO:</span></font><o:p></o:p></p> </div> <div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'> <o:p></o:p></span></font></p> </div> <div> <p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt; font-family:Arial'>A private sale midwest <st1:country-region w:st="on"><st1:place w:st="on">USA</st1:place></st1:country-region> price might be around $4-5K - maybe as high as $6K.</span></font><o:p></o:p></p> </div> <div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'> <o:p></o:p></span></font></p> </div> <div> <p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt; font-family:Arial'>A dealer midwest <st1:country-region w:st="on"><st1:place w:st="on">USA</st1:place></st1:country-region> price with some cleanup might be around $6-7K</span></font><o:p></o:p></p> </div> <div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'> <o:p></o:p></span></font></p> </div> <div> <p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt; font-family:Arial'>Terry Farrell</span></font><o:p></o:p></p> </div> <div><span id="q_1149525725757259_1"> <blockquote style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 4.0pt; margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'> <div> <p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt; font-family:Arial'>----- Original Message ----- <o:p></o:p></span></font></p> </div> <div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'>This is a 5'10" oak finish Kawai grand in remarkably good shape considering it's age. Tuning pins are tight, action could use a regulation and hammer shape but it doesn't appear to have been played much. The finish has some sun fade, and was "touched up" in places on corners and around the fall board which now stand out with the sun fade. I was asked to look at it for the family the owner is in a nursing home, the house and contents are being either split among relatives or sold. If taken by a relative it must have a fair market value placed on it. I'm open to opinions/suggestions. <o:p></o:p></span></font></p> </div> <div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'>Mike <br>  <o:p></o:p></span></font></p> </div> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'><br> -- <br> Michael Magness<br> Magness Piano Service<br> 608-786-4404<br> <a href="http://www.ifixpianos.com/" target="_blank">www.IFixPianos.com</a> <br> email <a href="mailto:mike@ifixpianos.com" target="_blank">mike@ifixpianos.com</a> <o:p></o:p></span></font></p> </blockquote> </div> </div> </div> </span> <p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size: 12.0pt'><br> <br clear=all> <br> -- <br> Michael Magness<br> Magness Piano Service<br> 608-786-4404<br> <a href="http://www.IFixPianos.com">www.IFixPianos.com</a><br> email <a href="mailto:mike@ifixpianos.com">mike@ifixpianos.com</a> <o:p></o:p></span></font></p> </div> </body> </html>