I listened to the same RealAudio interview and I had the same conclu-
sion about the $7,000.00 price, so I wrote Mike and he explained
that he got his info from the "Encyclopedia of Mechanical Music."
Right there it was: in the Duo-Art section a bill of sale for an XR
The interview is great. I made a tape copy of it and I listen to it
in my car. You need to listen to it. I have asked to be allowed to
use the file once the college decides to remove it from the servers.
They say they have no such plans and I hope they leave it.
Greenville, North Carolina
[ A signed purchase agreement of December, 1927, for $7000, is shown
[ on page 302 of Bowers' Encyclopedia. On page 299 is a list of "New
[ York Retail Prices", showing February 1924 prices for Duo-Art repro-
[ ducing pianos, from $695 to $4675. The Steinway XR price shown is
[ $3875 when purchased in New York City. That's an astounding price
[ difference in only two years! The $7000 purchase agreement bears a
[ rubber stamp "Bill of Sale" dated April 1929, with no value indica-
[ ted. I wonder if the amount actually paid to Aeolian was really
[ $7000. -- Robbie