[quote="Guest"]I'm confused, This piano on this link is 1912?
http://www.antiquepianoshop.com/online-museum/apollo/. Seem this conversation is rude. Seems one has sold that is a 1912, and sold for 15,000 . Am I reading it wrong?[/quote]
The sort of complete rebuilding offered by dealers such as the Player Piano Shop is extensive, time consuming, and hence expensive. When done by a reputable professional shop the work generally includes a new pin-block, new strings and pins, recompense harp, new sound board, entirely rebuilt action (new hammers, dampers and bridle straps, new felt bushings), complete regulation of the action, refinished cabinet, AND THEN the rebuilding of the player action. Re-stringing, re-pinning and a new pin block alone will generally cost about $5,000. A professional refinishing job about the same, a rebuilt action about $3,500. One may add another $3,000 for the restoration of the player mechanism. Note that the proper, complete restoration of a common upright non-expression player will consume about $2,500 worth of material and between 700 and 900 hours of labor. At these rates, the restoration of such an instrument generally costs about $15,000 when done professionally, though I've known experienced hobbyists who can produce professional restorations for about half that figure. One must remember that the amatuer is engaging in a labor of love, and is not really charging for his time.
This suggests that the residual value of an unrestored non-expression player approaches null, a figure borne out by the actual selling prices of unrestored instruments. At a recent mechanical music auction a nice clean Appllophone, in a Circassian walnut cabinet, with a still glossy restorable original finish sold for $725. Other nice straight players (Aeolian Pianola-Piano, Gulbransen, Krainach & Bach, Lexington, Farrand) sold for inconsiderable sums, generally less than $100. Reproducing uprights were selling for around $500, as were the less desirable reproducing grands (Apollo Art-Echo, Fisher Duo-Art, Kimball Ampico), whilst really desirable reproducers (Steinway Duo-Art, Chickering Ampico, Mason & Hamlin Ampico) were selling in
the very low thousands.
The market for players is VERY soft just now, it could well be said to have collapsed, and so instruments which are unrestored, poorly restored or are old or amateur restorations are practically without value.