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.
How do I know if my piano is worth anything?
- Vertical pianos over 40 years old of little-known brand.
- Most pianos, grand or vertical, over 60 years old.
What is a piano appraisal?
A piano appraisal is a document that tells you the piano's (i) estimated fair market value (aka resale price in normal market conditions) of a used acoustic piano, (ii) current conditions, and (ii) the age of the piano based on its serial number.
Are old pianos worth any money?
Antique pianos and organs can be valued anywhere from a few hundred dollars to tens of thousands of dollars. It is important that sellers realize the real value difference between a restored instrument and an unrestored instrument.
How do I find out what a piano is worth?
Appraisers of used pianos and other consumer goods typically use three different methods to determine fair market value: comparable sales, depreciation, and idealized value minus the cost of restoration.May 13, 2021
How can I tell if my piano is an antique?
The most accurate way to determine the specific age of your instrument is by cross-referencing the brand name with the serial number. There are a handful of historical publications that can be used to cross-reference brand names with serial numbers in order to determine specific dates of manufacture.
Is a 100 year old piano worth anything?
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.
Is my old piano worth anything?
“The best way to determine the value of your old piano is to get it appraised by a professional,” he said. ... However, most 50-year-old pianos are considered modern. In order for a piano to be considered antique, it needs to be closer to 100 years old, and age alone does not make it valuable.Mar 27, 2013
How much is a 50 year old piano 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
Which pianos hold their value?
Which Pianos Hold Value The Most Or Appreciate? Grand pianos typically hold value the most. This is mainly because they are so expensive that they are considered a valuable asset. Steinway pianos are generally the most expensive and they tend to hold their value the most.Dec 5, 2020
How much is a 100 year old player piano worth?
Today, on the Internet, there are people who are selling 'complete' circa 1920 upright player pianos in unrestored condition for $250.00 to $450.00 each, and they have dozens to choose from. As far as prices at auctions, upright players hardly ever command more than $1000.00 in working or semi-working condition.
Where do you find the serial number on a piano?
Usually four to eight digits, the serial number is most often located near the tuning pins, either printed directly on the plate or engraved in the wooden pinblock and showing through a cut-away portion of the plate.