Join Date: Dec 2007
Location: Tasmania, Australia
$1600 is a good price for a new 1527 if you can get it, the RRP on them jumped to something like $2895 with the 2009 prices, so going by that it's a steal. The early 2008 RRP was $1995 so $1600 would make it 20% off which is about standard. The new 'street' price in Aus is gonna be about $2300 unless they are clearing 'old stock'.
Again if it's new you might get lucky and get it for around $1500, also make sure that it comes with the case at that price.
If it's a 2nd hand/Used 1527, I wouldn't pay more than $1200, even in light of current price rises.
Hope that helps.