David & Josefine Perry - ONLINE PIANO APPRAISAL

e-pianoappraisal online report
#53119-PA


Effective Date of Appraisal:   5/31/2019 - 9:37 AM   EST

Appraiser's Report:
MARKET VALUE:   $24,050.00    (What does market value mean?)
DESCRIPTION/TITLE:   Steinway & Sons Piano Company - NY & Hamburg
SERIAL #: 276708  
DATE MANUFACTURED:   1933
COUNTRY OF ORIGIN:   New York, USA
FINISH:  HP EBY
TYPE OF PIANO:   2

  1. Concert Grand:   7' to 9'
  2. Grand Piano:  5'7" to 6'4"
  3. Baby Grand:  4'11" to 5'6"
  4. Square Grand:  6' to 7'
  5. Upright:  50" to 60"
  6. Studio:  45" to 48"
  7. Console:  40" to 43"
  8. Spinet:  36" to 38"
Model: A (6'02")  
CONDITION:   Original Condition
FAMILY HISTORY:   
STEINWAY & SONS       Est. March 5, 1853

Heinrich Engelhard Steinweg Sr. at 85 Varick St., NY. Heinrich had built his first piano in 1825 and prior to emigrating to the U.S. had an instrument shop in Seesen, Germany. Heinrich and his wife, along with five of their seven children, arrived in the U.S. on June 9, 1850. Their oldest son C.F. Theodore Steinweg stayed in Germany; Charles Steinweg their 2nd oldest son had been in the U.S. since May of 1849. The Steinweg family decided to Americanize their name when they arrived and so the Steinweg’s became the Steinway’s.

Technical developments originated by Steinway & Sons include: The first overstrung full iron plate grand piano 1877; the accelerated action 1935; the diaphragmatic soundboard 1937; Steinway Hexagrip pin block 1964. Steinway square pianos were discontinued in 1888. The model “O” was discontinued (USA only) in 1923 and re-introduced in 2006. The “A’ was discontinued (USA only) in 1941 but re-introduced in 2006. The Model C was introduced in 1866 and discontinued in NY in 1936

Boudoir Grand Piano (Model "A")

All Grands are full trichord with Overstrung Duplex Scale and Increased Tension of strings up to 60,000 pounds. Their resisting power consists of a Double Cupola Steel Frame, with an extra Capo-d’Astro Bar with steel-edged bearing, double repeating action with Counter-balance Escapement, Tubular Metallic Action Frame, Composite soundboard bridge, closing rim and keybed support. Both the outer casing and the inside frame (supporting the sounding board and wrest plank) consist each of a series of thicknesses of longitudinal hard wood, in one continuous length, glued together and bent all round into form, uninterrupted by cross wood, thereby instantaneously transmitting the vibrations to every part of the sounding board and vastly augmenting the volume and singing quality of tone.

This instrument, like the Model O, is best suited to a medium sized drawing room, but possessing a rather larger soundingboard, is recommended where the increased size can be accommodated.



Steinway & Sons



Model A



Boudoir Grand Piano




This is an online appraisal report prepared on and with the above indicated effective date. This appraisal has been conducted on the clients behalf at the request of Piano Appraisal, LLC™ who forwarded me information provided by the client regarding the property that is the subject of this appraisal report. Due to the requirement for anonymity, this appraiser is unaware of the identity of the client, but assumes the client to be a private party.

By agreement between the appraisal management company and the client, the scope of work for this appraisal assignment has been limited to providing an estimate of market value for the function of contemplated sale or purchase, or personal planning. This appraisal is invalid if used for any other function. This is a restricted-use appraisal report that can be used only by the client and no one else. The appraiser's opinions and conclusions set forth in this report cannot be understood properly by anyone other than the client without additional information in the appraiser's work file.

Value conclusions are based only on client-provided written descriptions and photographic or digital images of the property, and not on a personal inspection of the property by the appraiser. Accordingly, this appraisal makes use of extraordinary assumptions, any one of which if inaccurate could render the value conclusions inaccurate. I have determined that the appraisal process to be performed is not so limited that the appraisal assignment results would tend to mislead the client. Furthermore, the client is aware that the resulting value conclusions may be less reliable than had the item been personally inspected. For greater reliability and for appraisal functions other than contemplated sale or purchase, or personal qualified appraiser for personal inspection.

This appraisal report offers an opinion of market value which is defined as the most probable amount of money a buyer would pay and a seller would receive for an item within an identified market. The appraiser has used what s/he considers to be the most common market for the subject property, and assumes a willing buyer and a willing seller — neither being under any compulsion to buy or to sell and both having reasonable knowledge of all relevant facts. Values given do not take into account expenses that might be incurred in selling or purchasing the property such as sales commissions, finders fees, shipping, photography, or insurance costs.

In this appraisal, value has been established by the sales comparison approach. This method of valuation involves comparison of the property with similar items which have sold within the retail market that I considered most common for the subject property, and makes use of data obtained from examples of that market including sales at retail stores and live/online auctions, price guides, opinions of other experts, or other personal observations. Unless otherwise noted, markets explored appeared to be balanced and stable.

The condition of the item being appraised is assumed to be as described by the client and from what is apparent from examination of the image(s) provided. Unless otherwise stated, the appraisal is based only on the readily apparent identity of the item appraised. No further guarantee of authenticity, genuineness, attribution or authorship is represented.

For appraisals being done for contemplated sale, the appraised value is based upon the whole interest and possessory interest of the client, undiminished by any liens, fractional interests or any other form of encumbrance or alienation. However, this appraisal is not an indication or certificate of title or ownership.

The value conclusions expressed herein are based on the appraiser's best judgment and opinion and are not a representation or warranty that the items will realize those values if offered for sale at auction or otherwise. The values expressed are based on current information as of the date the appraisal was made.

I certify that to the best of my knowledge and belief:
  1. Statements of fact contained in this report are true and correct.
  2. The reported analyses, opinions, and conclusions are limited only by the reported extraordinary assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. I have no undisclosed past, present or contemplated future financial interest in the property that is the subject of this report, and no undisclosed personal interest with respect to the parties involved.
  3. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.
  4. My engagement in this assignment was not contingent upon developing or reporting predetermined results.
  5. My compensation for this appraisal is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.
  6. This appraisal has been prepared in conformity with The Appraisal Foundation's Uniform Standards of Professional Appraisal Practice (USPAP), and with the Appraisal Report Writing Standards and Code of Ethics of the Association of Online Appraisers.
  7. My inspection of the property that is the subject of this appraisal was limited to client-provided descriptions and digital images and/or photographs.
  8. Unless noted elsewhere, no one provided significant professional assistance to the person signing this report.
Possession of this report does not carry with it the right of publication. Furthermore, no change to this appraisal shall be made by anyone other than myself. I regard all information concerning this appraisal as confidential.

Sincerely,

R. Ridgely Fisher Piano Appraiser (signed electronically)  
Member, Association of Online Appraisers

(Note: This appraisal is kept on file for a period of five (5) years from the date of the appraisal. During that time the Customer can verify the appraiser's electronic signature by contacting the PianoAppraisal, LLC Manager at info@pianoappraisal.com.)

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