e-pianoappraisal online report
#71005-Williams
Effective Date of Appraisal:
2/10/2007
5:10:10 PM
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Appraiser's Report:
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Market Value: $9,265.00
(What does market value mean?)
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Name of Recipient:
Joseph K Williams
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Manufacturer's Name: Young Chang
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Date of Manufacturer:
1988
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Piano Style: Grand
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Country of Origin: Seoul, Korea
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Marks/Model #: Young Chang G-175D
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Finish:
Mahogany HP with inlaid wood design
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Dimensions:
(5'09")
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Condition:
Good condition
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Family History:
Purchased for my 50th brithday gift.
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Additional comments:
Young Chang Akki Co., Ltd., Inchon, South Korea (publicly owned in South Korea)
Names Used: Young Chang, Wagner (no longer used); also makes pianos sold under the names of Wurlitzer, Weber, Chine, Schafer & Sons, PianoDisc, and Nakamichi (joint venture).
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Images:
 
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This is an online appraisal report
prepared on and with the above indicated effective date. This
appraisal has been conducted on the client’s behalf at the request
of PianoAppraisal, LLC - Ask the Appraiser™ 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
planning, it is suggested that the client submit the item to a
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:
- Statements of fact contained in this report are true and
correct.
- The reported analysis, opinions, and conclusions are limited
only by the reported extraordinary assumptions and limiting
conditions, and are my personal, impartial, and unbiased
professional analysis, 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.
- I have no bias with respect to the property that is the
subject of this report or to the parties involved with this
assignment.
- My engagement in this assignment was not contingent upon
developing or reporting predetermined results.
- 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.
- 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.
- My inspection of the property that is the subject of this
appraisal was limited to client-provided descriptions and digital
images and/or photographs.
- 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.
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Sincerely,
R. Ridgely Fisher
Piano Appraiser (signed electronically)
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The appraised value is for reference only. Ultimately, something is worth only as much as someone will pay for it. Piano prices vary greatly depending on the locale and the particular situation. Add 20-30 percent to the appraised value if sold by a dealer, the piano being un-restored and with a warranty.
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(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 at info@pianoappraisal.com.)
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