Three main factors 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. Age does not make a piano worth more it makes it worth less. This has been true throughout the piano’s 300+ year history with very few exceptions. The most important thing to understand is that a piano gains the majority of its value from its musical quality. 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.
Steinert & Sons has been in the piano business for 160 years and has experienced almost every age/condition/piano imaginable. 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. If this last one is you, please read our article What is the Best Piano for a Beginner
“I’ve just bought a new house and am considering buying a used piano.” “I’ve just inherited my family’s old piano.” “I’ve just moved and the previous owners left this piano in the living room” “I’m downsizing and can’t take my piano with me” Pianos are large and often difficult to move, so this question often comes from people with an imminent or recent real estate transaction. Usually, this is a piano that they have either recently acquired (or are considering acquiring) or are planning to relinquish.
We are contacted every day by people asking about the value of their piano.
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