The piano was 37 years old in 2016. RPT Stephen Brady's depreciation schedule (published in Larry Fine's "The Piano Book", 4th Edition, p.203) shows the depreciation from the new value of a piano in the age range 35-70 years, for three degrees of wear: worse = 25%, average = 30%, and better = 33%.
That was before the piano got rained on. $12K is a nice settlement.
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William Ballard RPT
WBPS
Saxtons River VT
802-869-9107
"Our lives contain a thousand springs
and dies if one be gone
Strange that a harp of a thousand strings
should keep in tune so long."
...........Dr. Watts, "The Continental Harmony,1774
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Original Message:
Sent: 05-05-2022 22:28
From: Patsi Franklin
Subject: Original price for 1979 Kawai KG-2C in Ebony?
John In 2016 I had to research that same model Kawai grand, same era. My client had the misfortune of having her grand flooded with water coming through the ceiling above the piano. She needed to know the replacement value of the piano. After combing through sources, I came up with $12000. The insurance company paid the $12K. I had taken a lot of photos of the damage so she could enclose prints with my appraised value. My guess is that she may have paid a little more because I considered some depreciation. Hope this helps.
--
Patsi Franklin RPT
Piano Tuning Extraordinaire
321-303-0306
Original Message:
Sent: 5/4/2022 9:31:00 AM
From: John Minor
Subject: Original price for 1979 Kawai KG-2C in Ebony?
Can anyone offer an estimate on the original sale price of a 1979 Kawai KG-2C grand in polish ebony?
Thanks!
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John Minor
The Piano Shop Inc
Champaign IL
thepianoshopcu@gmail.com
www.thepianoshopcu.com
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