- Research Your Piano Brand.
- Determine A Fair Price.
- List Your Piano On eBay, Craigslist, or Facebook Marketplace.
- Run Ads To Sell Your Piano.
- Reach Out To Technicians And Piano Tuners.
- Find Local Places That Buy Used Pianos.
- Consider Donating Your Piano.
How much can you sell a used piano for?
On the private market, I would be able to sell a quality $5000 upright for at least 40 60% of its original value, especially if it's in great working condition. If you really want to get rid of your piano and want to get at least some value for it, reaching out to your local piano shop can be a wise option.
Are pianos easy to sell?
But, unfortunately, there are some pianos that are hard to find buyers for in the current piano marketplace. Apart from a few exceptions, most spinets, older upright pianos, and roll-style player pianos can be difficult to sell.
How much are pianos worth?
Piano Type Age Approximate Value Range
--------------- ----------- ------------------------------------
Steinway & Sons 40+ years $1,000- $15,000 “shell value”
Steinway & Sons 5-10 years Around 80% of new $60,000 to $90,000
Steinway & Sons 10-20 years 60-70 % of new $45,000 to $70,000
Steinway & Sons 20-30 years 50% of new $40,000 $60,000
Are pianos hard to sell?
Upright pianos especially have a much tougher time selling when they are older than 30 40 years old. Grand pianos older than 50 years old don't sell that well either unless it's a luxury model like a Steinway or Yamaha.
Do pianos hold their value?
Yes, pianos depreciate over time. The amount of depreciation depends on the brand of piano, the condition of the instrument, and the current piano market. Some pianos hold their value while others appreciate over time. Every piano is different, however, there are some basic principles to determining their value.
Are old pianos worth anything?
What Determines Antique Piano Values? Antique pianos are pianos that're at least a hundred years old, and, like antique books, they're not worth a lot of money just because of their age. In actuality, these old instruments may be worth very little at all, depending on their brand and condition.
Can you make money selling pianos?
There are always plenty of used pianos available on Craigslist that you can get for a good price. If you go through the piano and clean and tune it as well as make any necessary repairs or adjustments, the piano can usually be sold for a profit to add to your income.
Are pianos a good investment?
Pianos are, unequivocally, a great investment. 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.23 Apr 2019