Gutachten über den Wert des Flügels, Raehse, Baujar 1922, erstellt am 23.2.09:

In reference to your inquiry regarding a H. Raehse Grand piano, size: height 39 inch; bredth: 57 inch; depth: 71 inch; 7 octaves, 91 keys, bearing serial number 12464, manufactured in 1922. This piano was refinished and rebuilt in 2003. Fully restored, this instrument has been disassembled, inspected, repaired as necessary with replacement of all worn or deteriorated parts, reassembled, tested and approved to at least the tolerances of a new piano. Old finish was stripped and a new finish was applied. In excellent condition. Maintained in a climate controlled residential environment. When this instrument is tuned the value is $14,580.00. Figure is based on the age, condition, size, grade and rarity of this instrument. This is the average price asked for by a private party. The variable is that the buyer and seller must agree on the costs of moving, tuning and repairs. This is the amount an insurance company would pay in case of loss.

FIRMA H. RAEHSE, Production began in 1882 in Reichenberg, Germany / FIRMA RAEHSE-REPIA Used Name "Repia" since 1923 in Czeckoslovakia. These grand pianos were handmade by craftsmen and artisans who paid careful attention to every detail. Often times, the builder's signature can be found on one of the keys inside the instrument, but you have to look carefully to find it. Their musical capabilities were enormous and could be quite intimidating and unknown to the average pianist of the era. Most of these instruments were built for use in concert halls, elite hotels, and fine restaurants where their volume and powerful presence was needed. Only the finest private homes could afford to accommodate such a striking and expensive instrument.

These pianos are very good quality and make very desirable instruments when properly restored. As with most collectibles, these heirloom instruments have good investment potential because their values are consistently increasing. Many people find investing in a restored instrument to be an affordable alternative to buying a costly new one. In a sense that the general economic downturn has affected the price of pianos – new and used. The appraised price is an average of what pianos of this nature sell for today.

The appraisal values are stated in U.S. Dollars and are based on market values from several sources. Based on comparisons of pianos of this age, condition and nature offered for sale in newspapers and the internet by private parties, music stores, auction houses, and piano teachers, These values are certified through research in Directories of the Music Industry such as, The Presto Piano Buyers Guide, The Pierce Musical Instrument Atlas, The Encyclopedia of Automatic Musical Instruments and The Bluebook of Pianos, and the Piano Times Newspaper. Our appraisals adhere to the Ethics and guidelines of The International Society of Appraisers and the Appraisers Association of America, Inc. All of our appraisals follow the mandates of the Uniform Standards of Professional Appraisal Practice, 2009.

Appraised by,
Robert T. Furst - Author
Bluebook of Pianos

9463 West 77th Place
Arvada, CO. 80005

I declare that I hold myself out to the public as an appraiser or perform appraisals on a regular basis; and that because of my qualifications as described in the appraisal, I am qualified to make appraisals of the type of property being valued. I certify that the appraisal fees were not based on a percentage of the appraised property value. This information is provided "as is" without express or implied warranties. While every effort has been taken to ensure the accuracy of the information contained in this article, the maintainer assumes no responsibility for errors or omissions, or for damages resulting from the use of the information contained herein.