<font color='navy' size='2' face='Comic Sans MS, sans-serif'>Jur<font color="navy" face="Comic Sans MS, sans-serif" size="2">gen <br> </font><font color="navy" face="Arial, Helvetica, sans-serif" size="2">"Now where is the Steinway that cost $40,000 in 1990 that sold for $120,000 and more, as the President of Steinway clearly states?  How do they get away with stating this, or what am I not understanding?</font><font face="Arial, Helvetica, sans-serif" size="2">"<br> <br> </font><font color="navy" face="Comic Sans MS, sans-serif" size="2">  I am totally with you there.  More marketing baloney from the Stwy Corp. I mean really!!!<br>  The value of any piano is market driven and as with any thing else age, condition and level of performance are what keeps any piano at some value level.<br>   Conversely. I have a 1972 C-7 Yamaha for sale. Ivory keys and little bit worn. New Hammers, reg, Decent Board.... etc asking price is....$14K? Guess what?That's about what one can expect to pay for a B in similar condition except the B usually needs more work.ie. New action/ditch the teflon,damper system.<br> Dale<br> <font size="5">P.s. Jurgen..Nice Web site!!</font><br> <br> <div style="clear:both"><font color="royalblue" size="1"><b><font face="Georgia, Times New Roman, Times, Serif"><font color="black"><font color="mediumblue" face="Comic Sans MS, sans-serif">Dale Erwin RPT-</font><br> </font></font></b></font><font color="royalblue" size="1"><font color="blueviolet"><b><font color="black" size="2"><font size="1"></font></font></b></font></font><font color="darkgreen"><span style="font-style: italic;"><b><font size="1"><font color="black"><font color="blueviolet"><font color="black"> <font color="black">Mason & Hamlin</font>/Steinway/<font color="black">U.S pianos</font><br> </font><font color="mediumblue">Pre-hung Ronsen hammer sets/Abel parts</font></font><br> </font>Sitka Soundboards & Supplies<br> <font color="black">WWW.Erwinspiano.com</font><br> <font color="crimson">209-577-8397</font><br> <font color="darkgreen"></font></font></b></span></font><tt><tt><font color="darkgreen"><br>  </font><br>   <font size="2"></font></tt></tt><br> <br> </div> <br> <br> <div style="font-family:arial,helvetica;font-size:10pt;color:black">-----Original Message-----<br> From: Jurgen Goering <pianoforte@pianofortesupply.com><br> To: pianotech <pianotech@ptg.org><br> Sent: Wed, Feb 15, 2012 9:00 am<br> Subject: [pianotech] video interview Ronald Losby, President of Steinway<br> <br> <div id="AOLMsgPart_1_9d045151-8499-4961-b529-097dd0010c02"> <div>A Steinway bought for $4500 in 1965 is <span class="Apple-style-span" style="font-family: monospace; white-space: pre; ">"worth" about $12K - $16K in today's market </span>(William Monroe).  Original price  was about a year's salary for someone.  45 - 50 years later (today) it is worth about half a year's salary.  </div> <div>A new Steinway depreciates $7000 in the first five year (Wim Blees)</div> <div>Rebuilt B: 26K (1993) to 45K in 2012, "<span class="Apple-style-span" style="font-family: monospace; white-space: pre; ">their value doesn't drop like a stone</span>" (Dale Erwin)</div> <div><br> </div> <div>while these are mere examples, they do reflect the reality of the appreciation or depreciation that these instruments have.  None of these are examples of a "fine [financial] investment" .  I would say a fine investment would start at 5% above inflation.  At that rate, in 20 years an asset would indeed go up 3 - 4 times in value.</div> <div><br> </div> <div>Now where is the Steinway that cost $40,000 in 1990 that sold for $120,000 and more, as the President of Steinway clearly states?  How do they get away with stating this, or what am I not understanding?</div> <br> <div> <div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Verdana; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "> <div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Verdana; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "> <div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Verdana; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "> <div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "> <div>Jurgen Goering</div> </div> </span></div> </span></div> </span></div> <br class="Apple-interchange-newline"><br class="Apple-interchange-newline"> </div> <br> </div>  </div> </font></font>