Krakauer began building pianos for the Madison Piano Co. of New York, and by 1917 had incorporated the company. Krakauer made pianos bearing the names: Krakauer Bros., Madison, Vertichord and Lyrichord. To use it, one needs to find out how much a new piano of the same or comparable make and model would cost now, and then look up the age of the subject piano on a depreciation schedule.The percentage given represents what the piano is worth relative to the cost of a new one. There is no universally agreed-upon depreciation schedule for pianos, but one such schedule is provided below.

This method works fairly well for pianos of average quality which have had a normal amount of wear. For better quality pianos, or pianos that have had either very little or far too much use, the values produced this way must be adjusted accordingly. Depreciation Schedule for Pianosĭepreciation schedule courtesy of Stephen H. Reprinted from – The Piano Book by Larry Fine.Throughout the piano manufacturing boom of the 19th century, the majority of piano manufacturing companies and factories in the state of New York were established within the city of New York.ġ972. Alfred Dolge, Pianos and their Makers: A Comprehensive History of the Development of the Piano. Dover Publications, Inc., New York, 461 - 464.

Krakauer bros piano value