Hi Jurgen,<div><br></div><div>I've a client who just purchased an 1965 M from it's original owner. The purchase price was $4500, US. The piano (in quite nice condition) I would suggest is probably "worth" about $12K - $16K in today's market, without any additional work. So no, the numbers you suggest are not reasonable, however, some increase in "value" is possible. Of course, there is inflation to consider............</div> <div><br></div><div>But I do think that the idea that the Steinway as an investment has some merit, though probably on the order of a durable good that "maintains" it's value over time.</div><div><br></div><div> William R. Monroe</div><div><br></div><div><br></div><div><br></div><div><br><br><div class="gmail_quote">On Tue, Feb 14, 2012 at 10:26 AM, Jurgen Goering <span dir="ltr"><<a href="mailto:pianoforte@pianofortesupply.com">pianoforte@pianofortesupply.com</a>></span> wrote:<br> <blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div style="word-wrap:break-word">Interesting link, thanks for this, Kent.<div><br></div><div>One thing struck me: Can anyone tell me how S&S can continue to make statements about the pianos as an investment?</div> <div><br></div><div>Quote Ronald Losby: "They actually make a fine investment. A piano that was built 20 or 30 years ago can command 3 to 4 times what its original purchase price was."</div><div><br></div><div> I am not positive on S&S prices 20 - 30 years ago, but is he really stating that someone could sell their 1985 L for $100,000? Or that a 1985 D could fetch over $200,000? To my simple way of looking at it, this sounds beyond outlandish ....</div> <div><br><div> <span style="text-indent:0px;letter-spacing:normal;font-variant:normal;text-align:-webkit-auto;font-style:normal;font-weight:normal;line-height:normal;border-collapse:separate;text-transform:none;font-size:medium;white-space:normal;font-family:Verdana;word-spacing:0px"><span style="text-indent:0px;letter-spacing:normal;font-variant:normal;text-align:-webkit-auto;font-style:normal;font-weight:normal;line-height:normal;border-collapse:separate;text-transform:none;font-size:medium;white-space:normal;font-family:Verdana;word-spacing:0px"><div style="word-wrap:break-word"> <span style="text-indent:0px;letter-spacing:normal;font-variant:normal;text-align:-webkit-auto;font-style:normal;font-weight:normal;line-height:normal;border-collapse:separate;text-transform:none;font-size:medium;white-space:normal;font-family:Verdana;word-spacing:0px"><div style="word-wrap:break-word"> <span style="text-indent:0px;letter-spacing:normal;font-variant:normal;font-style:normal;font-weight:normal;line-height:normal;border-collapse:separate;text-transform:none;font-size:medium;white-space:normal;font-family:Verdana;word-spacing:0px"><div style="word-wrap:break-word"> <span style="text-indent:0px;letter-spacing:normal;font-variant:normal;font-style:normal;font-weight:normal;line-height:normal;border-collapse:separate;text-transform:none;font-size:medium;white-space:normal;font-family:Verdana;word-spacing:0px"><div style="word-wrap:break-word"> <div>Jurgen Goering<br>Piano Forte <br><a href="tel:%28250%29%20754-2440" value="+12507542440" target="_blank">(250) 754-2440</a></div><div><br></div><div><a href="http://www.pianofortesupply.com" target="_blank">www.pianofortesupply.com</a></div> </div></span><br></div></span><br></div></span><br></div></span><br></span><br> </div> <br></div></div></blockquote></div><br> </div>