| seangoesbonk |
I have built a few amps which would sell for a lot more than they cost me to make.
My question is: Who should be appraising them for insurance purposes?
How do you people determine worth? Fair market value? Parts and Labour? How much do you figure your labour is worth?
I have one amp which is a great amp, but looks looks so bad the average person probably wouldn't pay more than $10. Therefore, I think it would be necessary for someone who knows about audio electronics to determine it's worth.
Anyways, I'm sure you guys can offer up some ideas... |
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| swede |
The problem with homebuilt stuff is that there has to be a market to be able to determine a price for a goods.
I believe you can only get a maximum of what your parts cost in case of a fire or something. You can compare it to just any artist piling up a stock of drawings/paintings, which (if they were sold) could be worth millions.
If someone had bought an amp from you, it would have been different. Then, all by a sudden, the piece has a market value.
What you do as a hobby is usually valued $0 per hour.
Advice... Sell one of your amps to a friend and buy it back. Make sure you get a reciept. That might do, depending on the laws concerning fraud in your country.
Best regards,
//magnus |
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