“Here’s Lookin’ at you, kid,” indeed! $602,500.00! It is amazing how valuable a generally valueless antique or collectible can become when associated with, excellent provenance; a significant historical event; a celebrity; etc. This piano in and of itself is not great, spectacular, or important, but with this amazing provenance and it’s association with one of the greatest films of all time – WOW! The sky can literally be the limit in values when the right two or more bidders are involved. Yet, despite it’s amazingly high hammer price, it sold for “significantly less” than the pre-auction estimate of $800,000.00 – 1,000,000.00. An example of an excellent market for investment, pre-purchase/pre-sale consultations and/or appraisals right now is that of high-end Asian art and antiques, whose market has been very hot over at least the last 5 years, with no end is site. Amazing prices, frequently world record setting, are being achieved consistently in Asian art and antiques. See the Sothebys link and images below of the piano. Enjoy, Greg C. Brown, M.S.; ISA, Member.
The Casablanca Piano listing: http://www.sothebys.com/en/auctions/ecatalogue/2012/casablanca-sale-n08877/lots.list.1.html