QUOTE(rachelviolin @ Oct 5 2009, 12:10 PM)

They have offered me a second hand Progress which they are selling and have said that it will hold its value if she doesn't take to the harp and I need to re-sell it.
So my questions are - does anyone know if the bit about resale values is right?
I had a Pilgrim lever harp - it was lovely! I have also been told harps retain their value, and that was certainly the case when I traded in my Pilgrim for my Venus Penti Grand Concert. In fact, as I was trading it up from the same shop I bought it from, they even gave me the full value of the lever to use against the pedal (minus £30 for a scratch when my daughter knocked it over onto her dolls house).
I would watch out for exchange rates though. This may not apply to European harps so much, such as Salvi or Camac, but if you buy a US harp (like I did) fluctuations in the dollar versus sterling could mean the value of your harp drops significantly. I could buy my Venus Penti (a US harp) brand new for about £12k presently, which is what I bought my 2 year old ex-rental for two years ago.
That said, I'm told that sometimes an older harp can sometimes sell for more than it was brand new, as it would have had a chance to 'settle in', meaning less variation in tuning and suchlike.
Either way, it's not like a car, that loses £1,000 in value the minute it leaves the showroom. However, it may be wise to compare second hand harp prices to their new counterparts.
I hope that's of some help! I expect more experienced harpists will be able to expand on my points, and answer your other questions.