Prices in Italy

Dannyboy · Post by **Dannyboy** » Mon Jun 13, 2011 1:53 pm

Just found out the following prices at the biggest music store in Verona (Musical Box)

Kronos 61: 2.999,00 €
Kronos 73: 3.399,00 €
Kronos 88: 3.699,00 €

As for availability they specifically write "Phone", which is what I am going to do later in the afternoon. I will keep you posted.

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Dan

devix · Post by **devix** » Mon Jun 13, 2011 1:55 pm

OK!!! thanks!!!

i believe they will sell 61 first and then (september) 73 and 88!!

Dannyboy · Post by **Dannyboy** » Tue Jun 14, 2011 12:14 pm

Got an email from the guys at Musical Box telling me that the official KORG dealer in Italy (EKO group) told them that the K88 will be available in July.

I do not believe them

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Dan

michelkeijzers · Post by **michelkeijzers** » Tue Jun 14, 2011 12:36 pm

Assuming the price will be more or less the same everywhere in the EU, the price is not that good news.

In the US the price is less or equal than $3000 which converts to E 2090. Of course shipping, import and tax should be added but that will not be something like E 900.

Dannyboy · Post by **Dannyboy** » Tue Jun 14, 2011 12:39 pm

Agreed.
But it could have been worse (actually I was expecting much worse figures) so that I am considering to stay put until the dust settle down.

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Dan

DaveBoulden · Post by **DaveBoulden** » Tue Jun 14, 2011 1:52 pm

Dannyboy wrote:Got an email from the guys at Musical Box telling me that the official KORG dealer in Italy (EKO group) told them that the K88 will be available in July.

I do not believe them

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Dan

Sounds quite probable to me as my UK dealer also told me July for the K73 I've pre-ordered.

kimu · Post by **kimu** » Tue Jun 14, 2011 3:02 pm

i do not think those are the official korg prices.
i think are assumption of the shop and that price will be lower when kronos will be really shipped in italy

Dannyboy · Post by **Dannyboy** » Tue Jun 14, 2011 3:04 pm

I certainly do hope so, but comparing to the korg.de official prices, those are the street prices that we should expect in this side of the pond.

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Dan

Dannyboy · Post by **Dannyboy** » Wed Jun 15, 2011 10:27 am

Ah ah. It is indeed getting worse: they just wrote me from another shop (Magazzino Musical Merula) and told me that after VAT will be around 3,900.00€ for the K88, and delivery end of July!

RKfan · Post by **RKfan** » Wed Jun 15, 2011 11:21 am

That means a 42% dollar to Euro mark-up before you add VAT - sounds like another set of European customers are going to get ripped off by Korg. Same rule appears to be happening in Denmark - its closer to 35% mark up in the UK.

Unless we forget the local suppliers and get them shipped in from the US.

Am I mad (quite possible) I can't understand why we are all so willing to be overcharged in Europe - especially when taking a small (theoretical) risk of loss of maintenance (see other threads - there are several reasons why this is not as much as a threat as Korg might lead you to believe) if we imported our Kroni from the states.

Obviously there are some arguments about local taxes (which in the UK are 20% VAT) so I think we would all be justified in asking for a 15 (UK) to 20% (EU mainland) discount from our local resellers to stop us importing. This puts a K61 street price at £2250-£2300 (which since Bonners gave you a set of monitors for the £2599 they've advertised seems about right). In Europe a K61 should have a street price of €2400 to discourage importing.

Shop around. Try these arguments with your suppliers and be prepared to walk out of the shop without making a purchase - leave them your
contact details, be prepared to wait and dont be afraid to consider buying one in the US. That's what I am going to do.

michelkeijzers · Post by **michelkeijzers** » Wed Jun 15, 2011 11:31 am

RKfan wrote:That means a 42% dollar to Euro mark-up before you add VAT - sounds like another set of European customers are going to get ripped off by Korg. Same rule appears to be happening in Denmark - its closer to 35% mark up in the UK.

Unless we forget the local suppliers and get them shipped in from the US.

Am I mad (quite possible) I can't understand why we are all so willing to be overcharged in Europe - especially when taking a small (theoretical) risk of loss of maintenance (see other threads - there are several reasons why this is not as much as a threat as Korg might lead you to believe) if we imported our Kroni from the states.

Obviously there are some arguments about local taxes (which in the UK are 20% VAT) so I think we would all be justified in asking for a 15 (UK) to 20% (EU mainland) discount from our local resellers to stop us importing. This puts a K61 street price at £2250-£2300 (which since Bonners gave you a set of monitors for the £2599 they've advertised seems about right). In Europe a K61 should have a street price of €2400 to discourage importing.

Shop around. Try these arguments with your suppliers and be prepared to walk out of the shop without making a purchase - leave them your
contact details, be prepared to wait and dont be afraid to consider buying one in the US. That's what I am going to do.

Maybe it's a good idea if people who import already their Kronos from the US, to state what was the import tax and VAT price so we get an idea how much it would save to import a Kronos from the US. As stated above, it may well save about E 500.

RKfan · Post by **RKfan** » Wed Jun 15, 2011 11:46 am

Totally agree - because this will give you a negotiating price if you plan to purchase locally. I would rather buy from a local shop that has in the past and in the future given me good service - but I dont think I should pay (hugely) over the odds for that privilage.

panrixx · Post by **panrixx** » Wed Jun 15, 2011 11:47 am

RKfan wrote:.................. and dont be afraid to consider buying one in the US. That's what I am going to do.

I have bought a few guitars direct from the USA, so I know the uplift cost of importing very well.

First you have to add the cost of shipping from the USA to (say) the UK - I doubt you'll get that for free.

Then you add 5% import duty (UK) to the combined cost of the Konos and shipping charge.

Then you add 20% VAT (UK) to the total amount from the steps above.

Finally, you often have to pay the courier a fee for dealing with the import paperwork - around £10 -£15. Oh, and don't forget the exchange rate fee.

So if your Kronos was $2,600 and shipping was $200, for instance, the final cost would be:

$2,800 is roughly £1,750 (£1,625 + £125 shipping)
add 5% makes £1,838
add 20% makes £2,206
add £15 makes a total of £2,221
Plus any exchange rate fee.

So, uplift on the US Kronos price is around 37% plus any exchange rate cost.

Please feel free to correct my math or any assumptions I made that you feel are wrong.

RKfan · Post by **RKfan** » Wed Jun 15, 2011 11:50 am

Looks like a good street price therefore would be £2,200 - £2,300 to save us all the hastle....

cello · Post by **cello** » Wed Jun 15, 2011 11:52 am

RKfan wrote:Totally agree - because this will give you a negotiating price if you plan to purchase locally. I would rather buy from a local shop that has in the past and in the future given me good service - but I dont think I should pay (hugely) over the odds for that privilage.

Or you could establish a buying group in your country through these forums!

If there were, say, 6 of you in a group wanting a K61 - you go to your Korg dealer and negotiate for 6 Ks.

Then you go to USA store and negotiate for 6 Ks which will reduce the per unit cost of the shipping - you'll still have to account for taxes, but will help a bit.

Then you go back to the local dealers with this USA import pricing and say 'your best price?'. If not, USA gets your business.