Hi All, According to the reference book, "Official Price Guide to
Music Collectibles", Sixth Edition, last published in 1986, a Steinway
Duo-Art Grand, Model OR, Italian Renaissance art case style, c. 1929,
was valued at $8,500-$10,500 in 'unrestored' condition.
A Steinway Duo-Art c. 1922. Style OR, 6'6", turned double legs,
matching bench, was valued at $6,000-$8,000 in 'unrestored' condition.
A Steinway Duo-Art Grand, Model OR, art case, Louis XVI, fluted carved
legs, 6'5" was valued at a flat $10,000, while the same model in a
mahogany case was valued at $3,500-$4,400 (unrestored). (Bear in mind
that these prices are as of 1986.)
My reason for providing all of this seemingly unnecessary information
along with the seemingly pertinent information (as it relates to Robert
Lemon's question in a recent posting) is to show that it is extremely
difficult to come up with a truly realistic figure when it comes to the
value of even the finest instruments. Fair-market value, replacement
value, and current resale value often vary by thousands of dollars.
My recommendation to anyone who is trying to sell a high-end player
piano is to start at a ridiculously high price and negotiate a sale
price. At a recent auction, an art case Steinway Duo-Art, identical
in appearance to the one pictured at the web page listed below, in
restored and complete working condition, sold for just $6,900.00.
That being the case, it would seem that the value of the unrestored
instrument in question would be around $5,000 tops.
John A Tuttle
Brick, New Jersey, USA