Unlike real estate or cars, piano sales are not regulated, and there is no major service that tracks the actual sale prices of used pianos. (An example of a compulsion to sell is when a seller is moving and must get rid of the piano by the end of the month, before the moving van leaves.)Īlthough, today, researching the reasonable price range in which a particular piano should sell is pretty easy though a search engine, it can still be difficult, and will rarely give you a definitive price that you can use with great certainty. The fair market value (FMV) is the price a well informed buyer and seller are likely to agree on, where both parties are private, noncommercial entities (not piano dealers), and neither is under a compulsion to buy or sell. You can find out you piano's age or Sell Your Piano In many cases, neither a serious piano player nor his or her piano tech would agree. Often sellers who know little about pianos will claim that a piano is in excellent condition based simply on the fact that all the keys make a sound when pressed, and that the cabinet looks acceptable. It takes an experienced piano tech to know with certainty that a piano is in good playing condition. Keep in mind that while a piano might look, sound and feel fine to you, it may have significant problems of which you are unaware. Pianos with player-piano systems made before about 2000, as their player-piano technology is now obsolete and customers are looking for the latest wireless technology.Exceptions include: a few high-qual performance oriented brands such as Bechstein, Blüthner, Mason & Hamlin, and Steinway & Sons pianos that have been completely rebuilt and occasional instruments that, due to low use and favorable environmental conditions, are still in exceptional condition. Most pianos, grand or vertical, over 60 years old.Vertical pianos over 40 years old of little-known brand. Pianos that do not sell well due to age (among other factors) include: Most pianos are made with a life expectancy of 40 to 60 years, and, contrary to popular belief, don't get better with age. High-Performance, handmade brands such as Bechstein, Blüthner, Bösendorfer, Fazioli, Grotrian, Mason & Hamlin, and Schimmel may not have name recognition among the general public, and mostly have great reputations among those who know them, and so are also eminently able to be sold albeit to a smaller selection of potential buyers.Īge/Condition: Many piano owners mistakenly believe that pianos made over 100 years ago are valued as “antiques.” As a rule: "They aren’t," with the occasional exceptions of instruments with unusually decorated cases in fine condition and even these can have difficulty finding a home due to their extreme wight and size. The brands today that are most easily sold are Baldwin, Kawai, Steinway & Sons, and Yamaha. This can mean that, in a buyer’s market, even if a piano plays extremely well, it may not be sellable at any price if it doesn't look as good as it plays.īrand: Well-known brands with reputations of quality will generally generate more interest and command more value than brands that lack name and/or quality recognition. Overall Appearance: People who buy decent-quality pianos of higher value usually have well-decorated environments for them to be placed. To determine if your piano can be sold, there are some basic things to ponder: overall appearance, brand, and age/condition. Do you have a priceless antique or just a piano-shaped object? Ted & Chris discuss and help you answer the question.What's My Piano Worth? Determining the value of your piano is important for deciding if it is worth restoring, using as a trade-in towards a newer piano, or if your money would be better spent elsewhere. There was once a piano in almost every home in America, and that means that there are a lot of older pianos floating around in every different condition.
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