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How do I find the value of a used piano?

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How do I find the value of a used piano?

How do I find the value of a used piano?

Appraisers of used pianos and other consumer goods typically use three differentmethods to determine fair market value: comparable sales, depreciation, and idealized value minus the cost of restoration.

Is there a blue book for pianos?

Many people looking to buy or sell a seek to appraise its value by means of a so-called “blue book” of pianos. The online Blue Book of Pianos has a wealth of information about used pianos, and their E-book of Pianos contains price lists for most every brand on the market. ...

Is my old piano worth anything?

Like antique books, antique pianos are not worth a lot of money just because they are old. In actuality these old instruments may be worth very little at all. Most antique, upright pianos are worth $500 or less in very good condition.

How much is an average piano worth?

An upright piano costs between $3000 – $6500 on average. High-end upright pianos average around $10,000 – $25,000. Entry level grand pianos costs between $7000 – 30,000. High-end grand pianos such as Steinway, Bosendorfer, and Yamaha can cost between $65,000 – $190,000.

Can a piano be tuned after 20 years?

A new piano, or a piano 10, 15 or 20 years old that has never been serviced needs tuning three or four times before stabilizing. The only exception is when a new piano has been sitting on the showroom floor for several months and has gone through several in-house, or showroom tunings before purchased.

Do pianos hold their value?

From a financial perspective (excluding instruments with special historical or artistic value), pianos are a depreciating asset. They depreciate quickly for the first few years and then slowly thereafter. They may eventually appear to appreciate in value, but the appreciation is entirely due to inflation.

How much does a piano appraisal cost?

A good report and appraisal based on an onsite inspection of the instrument might cost $150 or more, but is well worth the expense for the peace of mind it can bring to the potential buyer of a high-end piano.

Can a piano be too old to tune?

sound vibrant and young but the tuning is incredibly stable and you would never have known it was a piano from over 100 years ago. This is a very rare occurrence but it does happen and with the right environment the date of manufacture may be superfluous.

What can I do with an old piano?

Check out these 15 gorgeous upcycling projects that will preserve at least part of your old piano and help you create a gorgeously musical aspect to your space!

  1. Piano tool bench. ...
  2. Piano front desk. ...
  3. Piano computer desk. ...
  4. Standing piano head board. ...
  5. Grand piano planter. ...
  6. Glass covered piano key coffee table. ...
  7. Standing piano aquarium.

What is the most expensive piano in the world?

Steinway Alma Tadema The world's most expensive grand piano sold at auction is a specially designed D-274 named Steinway Alma Tadema; it sold for $1.2 million in 1997 at Christie's in London, breaking Steinway's own 1997 price record of $390,000. The D-274 was built in 1883–87 and designed by Sir Lawrence Alma-Tadema.

How do you tell how much a piano is worth?

  • Locate a piano that has recently sold and is as close to yours as you can find. A used piano is usually worth half of what it was when new. Then subtract any cost of needed repairs and multiply that price by .33. This is not the best method, but many use it to get a value.

How much money does a piano cost?

  • Decem by Jack The short answer: somewhere between $70,000 and $150,000 . For many musicians, a Steinway grand piano is their dream piano. Most serious musicians have played one and recognise them to be some of the very best pianos that exist.

What is the value of a Cable Piano?

  • For many Cable piano owners today, the decision to restore their Cable Piano Company piano is easy. The original Cable Company pianos are worth anywhere between $500-1,000 unrestored. However, when Lindeblad restores early-American pianos like Cable pianos, the value can increase up to $20,000.

What is a Lester Piano worth?

  • Even in its heyday, Lester pianos were a less expensive option for an in-home piano. For this reason, their unrestored value ranges between $500-1,000. Once restored, some of the more stylized and older Lester pianos can reach up to $20,000.

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