RIN:515 Chart of Built-in Price Structures

A new Violin made by a known and fine Master Violin Maker of Chicago‘s
North Shore and sold exclusively by one of Chicago’s Down -Town Violin Dealers.
Hand-crafted by an Internationally recognized Master Violin or Bow Maker

Class D Master	Makers Cost of Making a NEW Violin		*$5,000*
	Labor + 80 Hours at $40.00 per Hour	$3200.00	64%
	Material = Wood, Strings, Accessories, etc.	$ 550.00	11%
	Cash Value + The Net Value at the secondary or wholesale market	$3750.00	75%
	Overhead + Rent, Taxes, Insurance, Net - Profit mark-up of 33%.	$1250.00	25%
	Kickbacks = Secret layers of kickbacks paid to third parties.	NONE	0%
	Price of Violin The actual price the dealer pays the maker.	$5000.00	100%

Class D Master	Dealers Suggested Retail Pricing of the NEW Violin		*$15,000*
	Cost of Violin + The amount the dealer pays to the maker.	$5000.00	34%
	Mark-up= Minimum Mark-up by dealers, who pay kick-backs to third parties, is 200% above cost of violin.	$10,000.00	66%
	Suggest Retail Price -- The inflated price from which to pay the overhead and kickbacks to third parties.	$15,000.00	100%
	Rebate = "The Token of Virginity". A paper discount, if given, to mask the 20% to 50% kickbacks paid to third parties.	$2,000.00	13%
	Actual Sales Price	$13,000.00	100%

Class D Master	Buyers Actual Purchase Price of the Violin		*$13,000*
	Cost of Violin + The net amount the dealer pays to the maker for the violin.	$5,000.00	38%
	Overhead + Rent, Taxes, Insurance, Payroll, Net-Profit, etc. paid by the dealer. Cost of doing business. OR: Net Purchase Price paid by third parties, like teachers, if bought for their own use.	$4,000.00	31%
	Kickbacks = Net Profit of Secret layers of kickbacks paid to third parties, like teachers, etc., for giving their OK to the student to purchase the violin from the dealer. Dealers cost of doing business.	$4,000.00	31%
	Actual Sales Price The Price paid to the dealer by the student, the parent or any other buyer, uninitiated to the hidden marketing practices of the violin business.	$13,000.00	100%

Appraisal Value: Retail Replacement Value for Insurance: $15,000.00 Fair Market Value at Wholesale is between: $3750.00 & $5,000.00 Probate or Cash Value: $3750.00

NEW	Trade Mark – or Generic -- Commercially Mass Produced Violin or Bow
Class B Trade Name	Source:1998 Orion Blue Book William Lewis & Son Violin #225 Gustave August Ficker "PAGANINI"
Class B Trade Name	Dealers Cost of Acquiring a Violin
Article:	Wholesale Cost	Overhead	Kickback	Retail Price
	Sold by the wholesaler at an discount of 50% + 10% + 10% in larger quantities off the suggested retail price,.	Rent, Taxes, Insurance, Payroll, Net Profit paid by the dealer as cost of doing business. OR Net Purchase price paid by third parties, like teachers.	Net Profit or Secret layers of kickbacks paid to third parties, like teachers, etc. for giving their OK to the student to purchase the violin from the dealer	The suggested catalogue retail price, as paid by most uninitiated buyers.
	$1537.00	$1499.00	$759.00	$3795.00
	40%	40%	20%	100%

USED or OLD	Trade Mark – or Generic -- Commercially Mass Produced Violin or Bow
Class B Trade Name	Source:1998 Orion Blue Book William Lewis & Son Violin #225 Gustave August Ficker "PAGANINI"
Class B Trade Name	Dealers Cost of Acquiring a Violin
Cash Value	Wholesale Cost	Overhead	Kickback	Retail Price used
The Net or Cash Value at the secondary or wholesale market, according to the Orion Blue Book, is from $610.00 to $1087.00, depending upon physical condition	Wholesale cost of the violin in average condition $610.00. Wholesale cost of the violin in mint (like new) condition $1087.00 Average wholesale cost is $849.00	Rent, Taxes, Insurance, Payroll, Net Profit paid by the dealer as cost of doing business. OR Net Purchase price paid by third parties, like teachers.	Net Profit or Secret layers of kickbacks paid to third parties, like teachers, etc. for giving their OK to the student to purchase the violin from the dealer	The suggested catalogue retail price, as paid by most uninitiated buyers, is the listed amount. If in mint or like new condition, the retail price for this used violin can be as high as anew violin, $3795.00.
	$849.00	$1499.00	$460.00	$1840.00
	40%	40%	20%	100%

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