Pianotech

  • 1.  Steinway ownership may be up for grabs

    Registered Piano Technician
    Posted 08-09-2018 01:23

    https://www.bloomberg.com/view/articles/2018-08-07/a-steinway-auction-could-attract-keen-piano-players

    In the Google News app, I have a standing search set for "piano." This turned up yesterday. 

    The article is barely more than a headline, just some rampant speculation with no details of when an auction may take place. It would be amazing to see such an American Icon owned by Chinese interests. 


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    David Stocker, RPT
    PNWRVP
    Olympia WA
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  • 2.  RE: Steinway ownership may be up for grabs

    Registered Piano Technician
    Posted 08-10-2018 11:05
    Steinway is already owned by interests. It was recently purchased by a hedge fund company.

    George Carlin once wrote, “Stick around. China’s going to win it all.”

    Joe Wiencek NYC




  • 3.  RE: Steinway ownership may be up for grabs

    Registered Piano Technician
    Posted 08-10-2018 21:52
    Steinway and Sons is owned by John Paulson who runs a hedge fund. He hasn't sold it to the Chinese yet and still may not.

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    Karl Roeder
    Pompano Beach FL
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  • 4.  RE: Steinway ownership may be up for grabs

    Registered Piano Technician
    Posted 08-11-2018 09:27
    I have since seen a memo dated August 7th from Paulson's group, stating they have no plans to sell. But they duly consider any offer. 

    Someone at Bloomberg is trying to read tea leaves that may or may not exist.

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    David Stocker, RPT
    PNWRVP
    Olympia WA
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