<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=Content-Type content="text/html; = charset=iso-8859-1"> <META content="MSHTML 5.50.4134.100" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT face=Arial size=2>Wim, Terry and List</FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2> I also use that approach, roughly and  it works for me it is a question of intrpretation, the rule works substracting 25% from the remaining = </FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2>This way if a piano value is lets say 100000.00  after 10 years 75000.00  next ten years 56250.00 = and so on in 40y you end up with a US$ 31640.00 (applied to a bossie or = S&S.... ) For me that would be the value of a high end piano in top condition, from = that you substract the cost of repairs and end up with quite a good aprox. = </FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2>Now if you go for a low end or = inexpensive not so good piano, go to the25% each 5y   ie US$ 5000.00 = piano  in 20y you are left with a US$ 1581.00 which looks to me pretty near = reality, and after all is just a rule of thumb the technicians expertisse is the one = which will end up adjusting that aprox. </FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2>My opinion at least</FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2>Elian</FONT></DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <DIV><FONT face=Arial size=2></FONT> </DIV> <BLOCKQUOTE style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B> <A title=Wimblees@AOL.COM = href="mailto:Wimblees@AOL.COM">Wimblees@AOL.COM</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A = title=pianotech@ptg.org href="mailto:pianotech@ptg.org">pianotech@ptg.org</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, July 26, 2001 = 10:51 PM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: bosendorfer = research</DIV> <DIV><BR></DIV><FONT face=arial,helvetica><FONT size=2>In a = message dated 7/26/01 7:20:45 AM Central Daylight Time, <BR><A href="mailto:mfarrel2@tampabay.rr.com">mfarrel2@tampabay.rr.com</A> = writes: <BR><BR><BR> <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px = solid; MARGIN-RIGHT: 0px" TYPE="CITE">I'm always trying to better my ability to value pianos. = My understanding <BR>(from Larry Fine's book) is that a good rule of = thumb is to devalue a piano <BR>from new, 25% every 5 to 10 years. Using = that, this Bosey might be worth <BR>less than $40,000. Larry's guide does not = take into account calculating <BR>cost of repairs. <BR><BR>I curious about = just how you figure for something like this. Is this your <BR>general rule to = take 10% off per year and then subtract cost of repairs to <BR>make it = like new? My guess is this would fall apart for a piano that is in <BR>very = good condition and 20 years old, but might be real good for older = <BR>pianos. Please fill me/us in on any details I have not identified. Thanks! <BR><BR>Terry Farrell <BR></FONT><FONT lang=0 face=Arial = color=#000000 size=3 FAMILY="SANSSERIF"></BLOCKQUOTE><BR></FONT><FONT lang=0 = face=Arial color=#000000 size=2 FAMILY="SANSSERIF"><BR>Terry <BR><BR>I = think Larry's figures are too high. The way he has it, in 40 years a piano <BR>would = have no value. We all know that is not true. Even when you take my <BR>figure = of 10% per ten years you have to take into consideration overall = <BR>condition, original quality, etc. And that is not even counting cost of = <BR>repairs. <BR><BR>Wim  </FONT> </FONT></BLOCKQUOTE></BODY></HTML>