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Wayne, Bachelor's Degree
Category: Musical Instrument Appraisal
Satisfied Customers: 3954
Experience:  40 yrs. buying and selling instruments.
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Greetings. I have a Young Chang Polished White Baby Grand

Customer Question

Greetings. I have a Young Chang Polished White Baby Grand Piano
Length: 4'11"
Condition: Minimal playing since new with regular tuning
Finish: Polished White in mint condition
Serial #: G054806-(1985)
Model #: G-150
Manufactured: Seoul, South Korea
I am wondering what the retail price would be.
Many thanks
Submitted: 1 year ago.
Category: Musical Instrument Appraisal
Customer: replied 1 year ago.
This is a time sensitive request to establish the value for a donation. If possible please respond today. Many thanks.
Expert:  Wayne replied 1 year ago.
Hi,My name is ***** ***** I have been buying and selling pianos since 1970 and can help you with this. When you donate an item an appraisal for donation purposes is for fair market value and not retail value. Fair market value is defind as the price an object would sell for between a willing buyer and a seller such as an auction or private sale. Retail value is the price an object would sell for at an establishment in the business of selling similar merchandise such as a music store.The fair market value of your piano would be $3500 for donation purposes and Insurance value aka Retail Replacement Value is $5000.00 Thank you,Wayne

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