There are people who collect music boxes and band organs as
investments. I contend that they are in the minority. Most
are like me: they restore instruments because they love them.
As an example, I was recently asked the value of a fire engine
I own, a 1953 American LaFrance model 700 pumper. My calculations
are as follows:
$ 4,000 cost of fire engine
800 shipping to me
8,000 mechanical work (brakes, transmission) to make it safe
8,000 engine rebuild (12-cylinder Lycoming)
Value on today's market: $ 5,000
And I haven't even found a calliope to put on the hose deck, yet.
Marc Kaufman
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