Steinway pianos are appreciating assets!
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wrote on 23 Aug 2021, 22:23 last edited by
LMFAO!
Link to video -
LMFAO!
Link to videowrote on 23 Aug 2021, 22:30 last edited by George KAs I said years ago, your wife's diamond engagement ring is probably an appreciating asset.
Gonna sell it to recoup your investment?
Didn't think so.
ETA: I think the Estonias are an appreciating asset as well. Have you looked at prices recently?
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wrote on 23 Aug 2021, 23:06 last edited by
@george-k said in Steinway pianos are appreciating assets!:
As I said years ago, your wife's diamond engagement ring is probably an appreciating asset.
Gonna sell it to recoup your investment?
Didn't think so.
ETA: I think the Estonias are an appreciating asset as well. Have you looked at prices recently?
No, they aren’t. Neither is a Steinway. ASteinway D from 1968 is not worth 98K today. A Steinway dealer MAY possibly sell it for $80K and that’s going to be with a $50K rebuild. And you, my friend, are not going to sell it for as much as a Steinway dealer. Not even close.
Steinway was sued a few years ago for this claim, why are they doing it again?
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As I said years ago, your wife's diamond engagement ring is probably an appreciating asset.
Gonna sell it to recoup your investment?
Didn't think so.
ETA: I think the Estonias are an appreciating asset as well. Have you looked at prices recently?
wrote on 24 Aug 2021, 00:32 last edited by mark@george-k said in Steinway pianos are appreciating assets!:
As I said years ago, your wife's diamond engagement ring is probably an appreciating asset.
Gonna sell it to recoup your investment?
Didn't think so.
ETA: I think the Estonias are an appreciating asset as well. Have you looked at prices recently?
I have not looked at Estonia prices lately. I know for a fact that it is not appreciating. Just because a new one is more than what I paid for mine, does not make mine worth more.
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wrote on 24 Aug 2021, 00:36 last edited by mark
BTW, I am playing the Aria from the Goldbergs at Renato's memorial in a couple of weeks. Katie traveling from NH and is playing Jimbo's Lullaby from Debussy's Children's Corner.
I hear Renato in my head as I practice for this. Lift! Phrasing, etc. I hear him in my head when I practice anything on any instrument. He was an awesome teacher. My all-time favorite teacher of any subject.
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@george-k said in Steinway pianos are appreciating assets!:
As I said years ago, your wife's diamond engagement ring is probably an appreciating asset.
Gonna sell it to recoup your investment?
Didn't think so.
ETA: I think the Estonias are an appreciating asset as well. Have you looked at prices recently?
I have not looked at Estonia prices lately. I know for a fact that it is not appreciating. Just because a new one is more than what I paid for mine, does not make mine worth more.
wrote on 24 Aug 2021, 07:45 last edited by@mark said in Steinway pianos are appreciating assets!:
Just because a new one is more than what I paid for mine, does not make mine worth more.
This.
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wrote on 24 Aug 2021, 18:00 last edited by
I sold my 14 year old Petrof 135 five years ago for what I paid for it new.
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wrote on 24 Aug 2021, 18:17 last edited by
Here you go: https://jordankitts.com/used/1036
22 year old Steinway L. I was selling these at that time for about $55K. Today we have it for $45K. If we’re offering it with tuning, bench, delivery and set up, and a warranty for $45K, what would a private seller get for it? A whole lot less… And what was the value of $55K in the 90’s vs today? What a great investment :eyeroll:
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Here you go: https://jordankitts.com/used/1036
22 year old Steinway L. I was selling these at that time for about $55K. Today we have it for $45K. If we’re offering it with tuning, bench, delivery and set up, and a warranty for $45K, what would a private seller get for it? A whole lot less… And what was the value of $55K in the 90’s vs today? What a great investment :eyeroll:
wrote on 24 Aug 2021, 18:21 last edited byI just saw it as recouping some of the rent I had paid out for the instrument over fourteen years.
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I just saw it as recouping some of the rent I had paid out for the instrument over fourteen years.
wrote on 24 Aug 2021, 18:30 last edited by@renauda said in Steinway pianos are appreciating assets!:
I just saw it as recouping some of the rent I had paid out for the instrument over fourteen years.
The return on investment from a piano isn’t monetary, though it is nice that you can get a decent amount back when you sell it…
But this Steinway thing is a different issue. They were sued over this ten years ago.