Welcome to the Piano World Piano Forums
Over 2.5 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

Gifts and supplies for the musician

SEARCH
the Forums & Piano World

Trying Something New with Search
(ad)
Calculator Looks Like Piano Keyboard
Calculator that looks like a piano keyboard
Piano Keyboard Calculator

New in the Piano World online store (PianoSupplies.com) now.
(ad)
Pearl River
Pearl River Pianos
(ad) Pianoteq
(ad) Lindeblad Piano
Lindeblad Piano Restoration
(ad) P B Guide
Acoustic & Digital Piano Guide
Who's Online
97 registered (Anne'sson, alwatson, BachToTheFuture, 36251, anamnesis, 17 invisible), 1126 Guests and 10 Spiders online.
Key: Admin, Global Mod, Mod
(ad) Estonia Piano
Estonia Pianos
Quick Links to Useful Piano & Music Resources
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers
*Organs

Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano & Music Accessories
*Live Piano Venues
*Music School Listings
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Piano Books
*Piano Art, Pictures, & Posters
*Directory/Site Map
*Contest
*Links
*Virtual Piano
*Music Word Search
*Piano Screen Saver
*Piano Videos
*Virtual Piano Chords
Topic Options
#2224770 - 02/02/14 05:45 PM Piano Appraising
dadof3g Offline
Junior Member

Registered: 05/20/12
Posts: 7
Loc: New England
Hi, my first post :-) looking for feedback on my thoughts on appraising:

I have been a technician for 26 years, and have appraised many pianos for resale, ie a client wants to know how much to sell their piano for, or how much to pay for a used piano; in this case I usually say that the piano is worth what a buyer and seller agree on, ie market value; and in this case, there is no intrinsic value to a used piano, they are worth in my area what people are usually selling them for. I often go on craiglist and use that as a guide to the current market value of used pianos in my area. Other thoughts?

But one type of appraising has always left me scratching my head, and that is appraising for insurance, or replacement if damaged by fire, etc; should the appraisal of value be that of a brand new similar piano? or that of a comparable used piano in similar condition? or used in much better condition?

Not sure how to handle this type of appraisal; appreciate your thoughts.

Also, how about donating a piano; the doner wants to know how much the piano is 'worth' for donation purposes.

also, is there a different way of appraising, valuing, for an estate sale?
_________________________
Peter Poole

Top
(ad 800) Pearl River
Pearl River the world's best selling piano
#2224806 - 02/02/14 06:54 PM Re: Piano Appraising [Re: dadof3g]
anrpiano Offline
Full Member

Registered: 05/05/04
Posts: 203
Loc: Chicago
Peter,

Nice can of worms you have there.

Appraisals, when if gets right down to it, is a best guess, subject to all sorts of interpretations.

I think you can get yourself into trouble if you use different standards based upon different circumstances. I don't think it is likely that you would ever be called into account for your appraisal, but you never know. Pianos are such a peculiarity to most people that they will usually take your word for it.

I usually have a conversation with the appraisal seeking party as to the subjective nature of my appraisal and how the circumstances (such as urgency of selling) can impact what they may ultimately sell the piano for. "If you give it a year, you could expect to sell it for X, but if you need to sell it in the next couple of months you should expect X-"
_________________________
Andrew Remillard
http://www.ANRPiano.com
http://www.AndrewRemillard.com
Downers Grove, IL 60515

Top
#2224817 - 02/02/14 07:09 PM Re: Piano Appraising [Re: dadof3g]
BDB Offline
Yikes! 10000 Post Club Member

Registered: 06/07/03
Posts: 23933
Loc: Oakland
There are different standards for different purposes. The IRS has changed its standards for appraising property, so if it is for a donation and you do not have the certification, you are probably better sending the client to a professional appraiser, such as an auction house may have.

For insurance, it would depend on the type of insurance the client has.

It might be better these days to find someone who is a certified appraiser and send your clients to that person, who can then call on you for help. That removes your liability, as well.
_________________________
Semipro Tech

Top
#2225176 - 02/03/14 11:55 AM Re: Piano Appraising [Re: dadof3g]
Supply Offline
3000 Post Club Member

Registered: 09/11/06
Posts: 3919
Loc: Vancouver Island, BC, Canada
Peter, there was a comprehensive and researched article on exactly this topic in the PTG Journal last year. Interesting and important reading!
_________________________
Jurgen Goering
Piano Forte Supply
www.pianofortesupply.com

Piattino Caster Cups distributor

Top
(ad)
Piano & Music Accessories
piano accessories music gifts tuning and moving equipment
#2225653 - 02/04/14 08:46 AM Re: Piano Appraising [Re: dadof3g]
dadof3g Offline
Junior Member

Registered: 05/20/12
Posts: 7
Loc: New England
thanks Jurgen and others; I am going to call some insurance companies as soon as I get over this cold and stop hacking, and hopefully let you know what they say; I have a feeling that will be a good source for answers on the 'appraising for insurance' situation. From them I would ask if they are 'normally' looking for a 'like new', or 'as is' value.
_________________________
Peter Poole

Top
#2225668 - 02/04/14 09:10 AM Re: Piano Appraising [Re: dadof3g]
Steve Cohen Online   content
Yikes! 10000 Post Club Member

Registered: 05/26/01
Posts: 10732
Loc: Maryland/DC/No. VA
Most people buy "replacement value" insurance in which the company agrees to replace it with a new equivalent. If so, the appraisal should be for the local selling price of the equivalent.
_________________________
Piano Industry Consultant- http://www.linkedin.com/pub/steve-cohen/6/b92/b80

Consultant & Contributing Editor - Acoustic & Digital Piano Buyer

Jasons Music
Maryland/DC/No. VA
Since 1937.

www.jasonsmusic.com
My postings, unless stated otherwise, are my personal opinions, not those of my clients.

Top

Moderator:  Ken Knapp, Piano World 
What's Hot!!
Why Do YOU Play the Piano?
-------------------
Posting Pictures on the Forums
-------------------
Forums Rules & Help
-------------------
ADVERTISE
on Piano World

-------------------
Piano Classified Ads
Piano Acc. & Gift Items in
Piano World's Online Store
In PianoSupplies.com ,(a division of Piano World) our online store for piano and music gifts and accessories, party goods, tuning equipment, piano moving equipment, benches, lamps Caster Cups and more.


Free Shipping on Jansen Artist Piano Benches
(ad)
Pianist Magazine
Pianist Magazine - Helping you become a better player
(ad)
Defining National Piano Schools
Defining National Piano Schools
(125ad) Dampp Chaser
Dampp Chaser Piano Life Saver
(ads)
PD - WNG - MH
PianoDisc
New Topics - Multiple Forums
Moonlight Sonata
by I like Piano
07/26/16 07:05 AM
Public pianos
by slipperykeys
07/26/16 06:06 AM
Music Composition Books Suggestion
by Aly Baracat
07/26/16 05:25 AM
Issues in Yamaha Digital Piano (Clavinova)
by Aly Baracat
07/26/16 05:18 AM
New to the Forum and Keyboards
by AstroEd
07/26/16 01:42 AM
Forum Stats
84,421 Registered Members
44 Forums
174,143 Topics
2,543,138 Posts

Most users ever online: 15,252 @ 03/21/10 11:39 PM
Sheet Music Plus (125)
Sheet Music Plus Featured Sale

Visit our online store for gifts for music lovers

 
Help keep the forums up and running with a donation, any amount is appreciated!
Or by becoming a Subscribing member! Thank-you.
Donate   Subscribe
 
Our Piano Related Classified Ads
|
Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World | Donate | Link to Us | Classifieds |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter | Press Room |


copyright 1997 - 2016 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission