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#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.

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#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

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#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: 1280
That's probably in the ballpark of what he paid for it new, unless he was a very poor negotiator.

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#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!

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#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?

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#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

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#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?

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#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

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#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

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#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

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#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: 1280
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.

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