Value of Your Piano
This Virtual Appraisal will give you a rough idea of what your piano
might be worth. Included are general values based upon formulas used
in my 35 years of experience buying, selling, tuning and restoring
pianos. A large part of my job has been to assess the condition of
a piano and what it will need before I go on the service call.
The Formula for older pianos
When I calculate value on an older piano, I am really estimating condition
and cost of repair, coupled with brand names and models.
$$ How much the piano could sell for in mint condition
-$$ The cost of getting it into mint condition
$$ The estimated wholesale value (if you sell to a dealer)
x Two or Three
$$ The estimated retail value (if you sell to an end user)
What is a “young” piano? Think of a piano like a person.
A 30 year old should be in great shape, all things being equal. If you
have a piano that is 30 or younger, you can usually get a good idea of
what it may be worth by doing an on line search for other pianos for
sale similar to your own.
Age of your piano
The age speaks volumes, and many times determines the overall quality
To find the age of your piano, you will need the name and serial number.
If you have had the piano serviced on a regular basis, find those tuning
receipts as proof the piano has been well maintained. This will also
give the prospective buyer a professional contact to verify the condition
of your piano. The original purchase price, if available, will help
determine its present value as well, giving you a starting point in
A receipt for the work performed is vital to determining the value. It
tells us who did the work, what was done, how well it was done, and
how long we can expect it to last.
Exceptions to Condition
Name Brand: You may own a very good name piano, such as Steinway.
Even in the worst condition, most Steinway Grand pianos can sell for
$5,000 to $15,000 or more. Other names of valuable pianos would include:
Mason and Hamlin, Boosendorfer, Bechstein, Baldwin, Blunther, Sauter,
to name only a few. A quick web search will reveal if your piano's name
alone carries value.
Ornate or Unusual Case Design: If your piano is very ornate
with carvings and inlays, or a very unusual case design, this can make
the piano more valuable no matter what the name of the piano is.
This example is common Winter Spinet piano, but the ornate carvings
and inlays on the case give it more value than an ordinary case.
If you think your piano falls into one of these categories, you may
need our personal assistance. Click here.
Lets find out what kind of piano you have.
An upright piano (shown left) has vertical strings and soundboard. Can
be 3–5+ feet tall. Click here if you have an upright.
A grand piano (shown right) has horizontal strings and soundboard and
has 3,4, or 6 legs. Click here if you have a grand.