Is your piano something that could net you some extra cash or is it something you’ll need to pay to have disposed of? In this article we’ll discuss what factors contribute to a piano’s value (hint… it isn’t antiquity) to help you determine the best next steps for you and your piano. Steinert & Sons has been in the piano business for 160 years and has experienced almost every age/condition/piano imaginable. The first thing we like to let people know is there isn’t a credible “Blue Book” for piano values like there is for cars, coins etc. The most important thing to understand is that a piano gains the majority of its value from it’s musical quality. This has been true throughout the piano’s 300+ year history with very few exceptions. Age does not make a piano worth more it makes it worth less. There are 3 main factors that determine the actual value of a piano (in order of importance): What Factors Contribute to a Piano’s Value? We expand on this in our New Vs Used Steinway article. Manufacturer’s Design/Construction: Original Design and Construction determines a pianos musical potential and longevity.ĭid you know that there were over 1000 piano manufacturers in America during the turn of the 20th century? Today there is only one of significance Steinway & Sons. Most American piano factories were located on the eastern seaboard between Washington DC and Boston.
There were many tens of thousands of pianos built between 18 and a number of those pianos still survive today in some form. Then, as now, there were builders of varying quality Steinway & Sons in New York and Chickering & Sons from Boston were some of the high quality builders.
There were many others of differing quality including our own firm M. Higher-end European Manufacturers less than 20 years old, such as Bosendorfer, Fazioli, Bechstein, to name a few.Įuropean Made Pianos and Grey Market Yamaha.Pearl River pianos less than 10 years old.Samick pianos (including Knabe, Kohler & Campbell, Pramberger, Seiler etc) less than 15 years old.Steinway Designed Boston and Essex Pianos less than 15-20 years old.Yamaha and Kawai pianos less than 15 years old.Steinway & Sons pianos less than 40 years old (30 years old is the cutoff to be considered for the Steinway Certified Pre-Owned Program).Manufacturers and brands that retain the most value and are most re-sellable on the open market: Steinert & Sons which built pianos in two factories in Leominster MA under the names Jewett, Hume, Woodbury and Steinert.
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