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Piano Maker Steinway Plans IPO On New York Stock Exchange


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11 minutes ago, drohm said:

I was surprised to see their revenue is over $100million. People must still be buying pianos. 

It certainly helps your revenue when your pianos retail at upwards of $100k.  Even if the only people who buy your pianos are multi millionaires, you are still raking in a ton of dough for each piano.

Instruments: Walters Grand Console Upright Piano circa 1950 something

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I think Steinway shares would be a better place for me to park $35k instead of buying a used Jupiter 8.😁😎

PD

 

"The greatest thing you'll ever learn, is just to love and be loved in return."--E. Ahbez "Nature Boy"

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CBS, a publicly traded company, owned Steinway during the 1970s and proceeded to replace certain components in the piano.  The replacements were enough to make the piano inferior and many artists steered away from Steinway.  After CBS relinquished control Steinway immediately reversed the changes, but it took years to restore their reputation.

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2 hours ago, The Real MC said:

CBS, a publicly traded company, owned Steinway during the 1970s and proceeded to replace certain components in the piano.  The replacements were enough to make the piano inferior and many artists steered away from Steinway.  After CBS relinquished control Steinway immediately reversed the changes, but it took years to restore their reputation.

Sound like when CBS bought Fender and guitarist started asking for "Pre-CBS" Fender guitars and amps.   Funny now people are paying vintage prices for same era Fenders just because they are old.    Gibson when through same thing in the 70's with their "Norlin era".     These mega corporation buy up good companies and think they can cheapen the products to increase profit margins and it bites the customers and company reputation in the ass. 

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2 hours ago, The Real MC said:

CBS, a publicly traded company, owned Steinway during the 1970s and proceeded to replace certain components in the piano.  The replacements were enough to make the piano inferior and many artists steered away from Steinway.  After CBS relinquished control Steinway immediately reversed the changes, but it took years to restore their reputation.

They are still inferior to more current Yamaha grands, imho ;) 

NS3C, Hammond XK5, Yamaha S7X, Sequential Prophet 6, Yamaha YC73, Roland Jupiter X

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12 hours ago, drohm said:

They are still inferior to more current Yamaha grands, imho ;) 

They sure sound different today then my 2005. I'm hearing the change maybe after 2015/16 (?), they became WAY brighter. They don't resemble my piano's tone in the least. Just glad I have mine.

 

edit add-- The CF6 I recently played was fantastic. I don't know if I'd choose over a B.  In the past few years I've played some Bs that haven't been inspiring but then a few others that were very good but I could tell had the potential to be great.. It would have to come down to the individual piano. In any case the pricing for a new one, and the fact they continue go up 8-10% every year, is well out my league.

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https://soundcloud.com/dave-ferris

 

NY Steinway D

Yamaha AvantGrand N3X, P-515

 

 

 

 

 

 

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