<!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 6.00.2800.1400" name=GENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=#ffffff> <DIV><FONT face=Arial>Joe,</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>I agree with you that most folks having a piano = rebuilt have no intension of selling it. But I think the point Don was trying to = make regarding the "cost of the rebuild exceeds fair market value for the = instrument" is that rather than rebuilding that old Henry F Miller for $30,000, they = might wish to consider purchasing a new Charles Walter for $25,000. = In this case the Miller might only have a $20,000 value after rebuilding = (because it doesn't say S&S or M&H on the fallboard). They may want to = consider these factors even if they have no intention of selling a newly = rebuilt piano.</FONT></DIV> <DIV><FONT face=Arial></FONT> </DIV> <DIV><FONT face=Arial>Terry Farrell</FONT></DIV> <BLOCKQUOTE dir=ltr 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=joegarrett@earthlink.net = href="mailto:joegarrett@earthlink.net">Joe Garrett</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A = title=pianotech@ptg.org href="mailto:pianotech@ptg.org">pianotech</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, October 26, 2004 = 6:16 PM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: Rebuilding vs. = Buying</DIV> <DIV><BR></DIV> <DIV><FONT face=Arial size=2>Don Rose said: "<FONT face="Times = New Roman" size=3>When the cost of the rebuild exceeds fair market value for = the instrument,<BR>unless there is sentimental value."</FONT></FONT></DIV> <DIV><FONT face=Arial size=2><FONT face="Times New Roman" size=3></FONT></FONT> </DIV> <DIV><FONT face=Arial size=2><FONT face="Times New Roman" size=3>Don,</FONT></FONT></DIV> <DIV><FONT face=Arial size=2><FONT face="Times New Roman" = size=3>I have found that this just does not apply, as most people who have a piano = Rebuilt, have no intention of reselling it. The only time this would apply, IMO, is = in an Estate situation. And, the rebuilder would be remiss to not advise the = client of Musical Value vs. Market Value, IMHO.<G></FONT></FONT></DIV> <DIV><FONT face=Arial size=2><FONT face="Times New Roman" = size=3>The "sentimental value" was what I was alluding to, in my previous post, = on this subject.</FONT></DIV> <DIV><BR></DIV></FONT> <DIV><FONT face=Arial size=2>Joe Garrett, R.P.T.<BR>Captain, Tool Police<BR>Squares R I</FONT></DIV></BLOCKQUOTE></BODY></HTML>