Thursday, May 22, 2008

A good time to buy the instrument for the immortals - a Steinway

The number of new pianos sold declined 19% in 2007, the second consecutive annual decline in unit sales. Does this sound familiar? The WSJ writes:

To my surprise, I found loads of used Steinways for sale, perhaps reflecting the sorry state of the economy. Fewer people buy such pricey instruments when money grows tight. And more people with grand pianos gathering dust in their living rooms "take a second look" at the hulking instruments when they consider liquidating some assets, says Rochester, N.Y., piano technician Joe Ross, who runs piano-sales Web site PianoMart.com. "If you're in the market for a used piano, this is a good time for you."




source: For a Steinway, I Did It My Way
By ANNE MARIE CHAKER, WSJ, May 22, 2008
http://online.wsj.com/article/SB121140885162712263.html?mod=todays_us_nonsub_pj

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