Are old Steinway pianos worth anything?
With the exception of digital pianos, which depreciate in value as they age (due to advances in technology), the most serious pianos wear well as long as they are properly maintained. As such, there is no evidence or market research to suggest that Steinways holds its value longer or better than other reputable brands.
How do I find out how much a piano is worth?
Appraisers of used pianos and other consumer goods typically use three different methods to determine fair market value: comparable sales, depreciation, and idealized value minus restoration costs.
How much is a 1950 Steinway piano worth?
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1945 4,358 $ 863 $
1950 6,900 $ 1,700 $
1955 6,900 $ 1,700 $
1960 7,100 $ 1,825 $
What is the value of a Steinway grand piano?
Short answer: somewhere between $70,000 and $150,000. Unfortunately, while not the most expensive piano you can buy in the world, a Steinway grand piano isn’t far behind. 12 November 2021
How much is a vintage Steinway?
Larger Steinway pianos, such as the 9-foot Model D, retail for $171,000. Smaller Steinway pianos such as the A, B, L, M and O models range in price from $74,300 to $129,000. On average, used Steinway pianos are 48% of current RRP prices.
How much is my Steinway piano worth?
A new 5’1″ Steinway S Piano costs $69,700. Larger Steinway pianos, such as the 9-foot Model D, retail for $171,000. Smaller Steinway pianos such as the A, B, L, M and O models range in price from $74,300 to $129,000. On average, used Steinway pianos are 48% of current RRP prices.
How much is a 1911 Steinway piano worth?
Year Detail Price
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1911 A 1911, Steinway Model O Grand Piano with Rosewood Case $19,600
1912 Steinway Grand Piano, Model A $39,900
1912 Steinway & Sons 1912 Model O Grand Piano 5′ 10″ Satin Ebony $5,000
1913 Steinway O Baby Large $21,500
Are old pianos worth any money?
What determines the value of antique pianos? Antique pianos are pianos that are at least a hundred years old and, like antique books, aren’t worth much money based on age alone. In fact, depending on the brand and condition, the value of these older instruments can be very low.
How do I know if my piano is worth anything?
To determine if your piano is for sale, you need to consider a few basic things: overall appearance, brand, and age/condition. General Appearance: People who buy more valuable, high-end pianos often have well-decorated environments to place them. 20 April 2021
How much is a 100 year old player piano worth?
There are people online today selling circa 1920 “full” pianos in unrestored condition for $250.00 to $450.00 each, and there are dozens to choose from. When it comes to auction prices, serious players rarely ask for more than $1000.00 in working or partially working condition.
Are Steinway pianos a good investment?
Buying a Steinway is more like buying a piano that is itself a work of art and craftsmanship. This is a good investment, but should not be seen as the only option for the best quality and overall performance.
Do Steinway pianos depreciate?
When you buy a brand new Steinway (or any other high quality new piano), it becomes a “used piano” as soon as it enters your home. It loses 30-40% of its value overnight. 6 August 2016
What pianos appreciate in value?
Grand pianos are generally more valuable than upright pianos, and higher quality pianos are worth more than cheaper ones. Steinways price is going up the most, while others are appreciating or maintaining their value.