Posted by Lew on February 11, 2003 at 12:49:30:
In Reply to: Re: purchase price + upkeep posted by Chuck on February 11, 2003 at 12:15:49:
I keep track of what I spend after acquiring an instrument to get it into working condition, not counting cleaning or felts and the like. Maintenance items I keep track of separately. Any repairs that have to be done due to damage that occurs after I have gotten an instrument playing I would keep as a third number. Fortunately I haven't had any of those expenses yet.
None of these have much to do with the true value of an instrument. They do represent what one has invested in a horn, but the value is set by the marketplace and may have very little to do with what you have spent on something. I know that I have instruments where the acquisition and renovation expenses exceed the value on the open market.