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Unsure of what your antique or vintage instrument may be worth?
Bring it on down to the Folk. Ellen has been doing appraisals
under the auspices of the Folk Music Center and Folk Music Center
Museum since 1976.
The
Folk Music Center appraises a wide variety of acoustic instruments
and has a large bibliographic reference library and access to
many online data bases.
Appraisals
are conducted to provide a statement of fair market value* and
or replacement value for insurance purposes.
*Fair
market value is defined by the Income Tax Regulation 1.170-1(c)
as "The price at which the property would change hands between
a willing buyer and a willing seller, neither being under compulsion
to buy or sell and both having a reasonable knowledge of all relevant
facts." The fair market value is not determined by a forced
sale, nor is the fair market value being determined by a sale
within a marketplace other that that in which the item would most
commonly be sold to the public, i.e. the end-user, taking into
consideration the location of the items whenever possible.
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