Welcome to the Piano World Piano Forums
Over 2 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!

SEARCH
the Forums & Piano World

This custom search works much better than the built in one and allows searching older posts.
(ad 125) Sweetwater - Digital Keyboards & Other Gear
Digital Pianos at Sweetwater
(ad) Pearl River
Pearl River Pianos
(ad) Pianoteq
Latest Pianoteq add-on instrument: U4 upright piano
(ad) P B Guide
Acoustic & Digital Piano Guide
PianoSupplies.com (150)
Piano Accessories Music Related Gifts Piano Tuning Equipment Piano Moving Equipment
We now offer Gift Certificates in our online store!
(ad) Estonia Piano
Estonia Piano
Quick Links to Useful Stuff
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 Accessories
* 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
#264961 - 12/15/06 11:14 AM $12,000 a good price for a '98 Yamaha C1?
garysmith Offline
Full Member

Registered: 12/15/06
Posts: 40
A friend of mine is selling his and that is his asking price. Thanks in advance.

Top
(ads 568) Hailun Pianos

#264962 - 12/15/06 12:09 PM Re: $12,000 a good price for a '98 Yamaha C1?
Jeffrey L. Wong Offline
Full Member

Registered: 10/04/05
Posts: 55
Loc: The Woodlands
Way too high
_________________________
Jeffrey L. Wong
Forshey Piano Company - The Woodlands
281-681-3000
know pianos I do...feel the force

Top
#264963 - 12/15/06 01:29 PM Re: $12,000 a good price for a '98 Yamaha C1?
Sir Lurksalot Offline
1000 Post Club Member

Registered: 03/19/04
Posts: 1242
That's probably in the ballpark of what he paid for it new, unless he was a very poor negotiator.

Top
#264964 - 12/15/06 02:11 PM Re: $12,000 a good price for a '98 Yamaha C1?
JoeW Offline
Full Member

Registered: 10/13/06
Posts: 61
Loc: Portland OR
Yes, way too high, I'd get a C3 for that!

Top
#264965 - 12/15/06 09:43 PM Re: $12,000 a good price for a '98 Yamaha C1?
garysmith Offline
Full Member

Registered: 12/15/06
Posts: 40
So what would be considered a good price for such a piano? He claims it's in pristine shape. $9,000? $8,000? Less?

Top
#264966 - 12/16/06 12:19 AM Re: $12,000 a good price for a '98 Yamaha C1?
Jim Volk Offline
500 Post Club Member

Registered: 01/12/03
Posts: 916
Loc: Jacksonville, Florida
Gary, from my calculations (based for simplicity on the "Standard Depreciation" table compiled by Stephen Brady and published by Larry Fine), the piano is worth around 68%-72% of the price of a new C1.

Average Suggested Retail for the C1 is about $21K, which translates to a minimum of $14K for a used one. But these prices are not realistic, because while dealers may list at or near ASR, they're almost always willing to discount.

Let's say he actually paid $15K for it. In that case, he should be asking something in the range of $10K. If this guy is a good friend and wants to be up front with you, he should at least be willing to show you the original paperwork so you'll know exactly what he paid for the piano.

If it turns out he paid full ASR, too bad for him. I'd take Joe's advice then, and look for a used C3 instead.
_________________________
Jim Volk
PIANOVATION

Top
#264967 - 12/16/06 01:10 AM Re: $12,000 a good price for a '98 Yamaha C1?
garysmith Offline
Full Member

Registered: 12/15/06
Posts: 40
 Quote:
Originally posted by Jim Volk:
Gary, from my calculations (based for simplicity on the "Standard Depreciation" table compiled by Stephen Brady and published by Larry Fine), the piano is worth around 68%-72% of the price of a new C1.

Average Suggested Retail for the C1 is about $21K, which translates to a minimum of $14K for a used one. But these prices are not realistic, because while dealers may list at or near ASR, they're almost always willing to discount.

Let's say he actually paid $15K for it. In that case, he should be asking something in the range of $10K. If this guy is a good friend and wants to be up front with you, he should at least be willing to show you the original paperwork so you'll know exactly what he paid for the piano.

If it turns out he paid full ASR, too bad for him. I'd take Joe's advice then, and look for a used C3 instead. [/b]
Thanks for the info. My problem is space. I can't go bigger than 5'3. What price range should I be looking for in an 8 year old C1?

Top
#264968 - 12/16/06 02:48 AM Re: $12,000 a good price for a '98 Yamaha C1?
Jim Volk Offline
500 Post Club Member

Registered: 01/12/03
Posts: 916
Loc: Jacksonville, Florida
I'd think $10K isn't unreasonable, if it's in pristine condition and hasn't seen heavy use. Take a look at this...

2000 Yamaha C1 on eBay

This C1 is only a couple years newer than your friend's piano, and it's going for $11,500.

Might also be fun to visit your local Steinway dealer and look into a brand new 5'03 Essex, which you can probably buy in the same price range ($10K or maybe even lower, with some serious negotiating: the EGP-161 lists for about $12K). Not a better piano than the C1--but not 8 years old, either. And you may decide you like the sound and feel better than the Yamaha.

I'm assuming the Essex is still of Korean (Young Chang) manufacture, but Steinway has announced plans to have some models built in China by Pearl River, so it's best to ask (I personally would much prefer the Korean Essex).
_________________________
Jim Volk
PIANOVATION

Top
#264969 - 12/16/06 03:29 PM Re: $12,000 a good price for a '98 Yamaha C1?
Jeffrey L. Wong Offline
Full Member

Registered: 10/04/05
Posts: 55
Loc: The Woodlands
 Quote:
Originally posted by garysmith:
So what would be considered a good price for such a piano? He claims it's in pristine shape. $9,000? $8,000? Less? [/b]
Pristine doesn't mean a thing if the piano has not prepped or tuned on a minimal annual basis.
Costco were selling C1s in the late 90 to 2002 for $12,999.00. same pianos seen in authorized Yamaha dealers.
Since he is a friend...here's a good reference point.
10K if it's been care for...less if that piano has just been sitting in the home collecting dust.
The Piano needs to be tuned regularly(min once a yr), the tension of the string is a constant whether you play it or not.
Some tuning pins will not grip once it slips too far out of tune.
_________________________
Jeffrey L. Wong
Forshey Piano Company - The Woodlands
281-681-3000
know pianos I do...feel the force

Top
#264970 - 12/17/06 08:56 AM Re: $12,000 a good price for a '98 Yamaha C1?
Jim Volk Offline
500 Post Club Member

Registered: 01/12/03
Posts: 916
Loc: Jacksonville, Florida
Costco selling Yamaha C1's?!

I can hardly believe that Yamaha would stoop so low...it demeans the reputation of the C-series, in my opinion.

And I'm surprised they'd let anyone but an authorized, full-service piano dealer sell a C1.

Gary, if you've got a $12K+ budget, you might want to take a look at a brand new Essex, Pramberger, Sohmer, Knabe or Kawai as well.
_________________________
Jim Volk
PIANOVATION

Top
#264971 - 12/17/06 12:25 PM Re: $12,000 a good price for a '98 Yamaha C1?
Sir Lurksalot Offline
1000 Post Club Member

Registered: 03/19/04
Posts: 1242
Various dealers throughout the country have been making arrangements to sell Kawai/or Yamaha through nearby Sam's and Costco stores for quite a while now.

Top

Moderator:  Ken Knapp, Piano World, Rickster 
What's Hot!!
HOW TO POST PICTURES on the Piano Forums
-------------------
Sharing is Caring!
About the Buttons
-------------------
Forums Rules & Help
-------------------
ADVERTISE
on Piano World

The world's most popular piano web site.
(ad) HAILUN Pianos
Hailun Pianos - Click for More
Ad (Seiler/Knabe)
Seiler Pianos
Sheet Music
(PW is an affiliate)
Sheet Music Plus Featured Sale
(125ad) Dampp Chaser
Dampp Chaser Piano Life Saver
(ad) Lindeblad Piano
Lindeblad Piano Restoration
Who's Online
150 registered (aesop, *windowlicker*, acortot, AaronM, accordeur, 36 invisible), 1414 Guests and 23 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
75907 Members
42 Forums
156873 Topics
2305037 Posts

Max Online: 15252 @ 03/21/10 11:39 PM
New Topics - Multiple Forums
Baldwin BJ124 and other New Pianos
by Benn
08/22/14 07:30 PM
Tuning levers
by AaronM
08/22/14 07:17 PM
Buying a Piano
by boppy75
08/22/14 06:24 PM
Midi file format on Roland Piano Partner App
by Banzai_Ed
08/22/14 05:58 PM
Imperial Concert 61 Phase Piano
by DanPianjo
08/22/14 05:34 PM
(ads by Google)

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 - 2014 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission