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.
How hard is it to sell a used piano?
There are plenty of buyers looking to save a bit of money on the resale market, yet used pianos can be difficult to sell. Although the market is competitive, by expanding your options and learning how to sell your piano privately, wholesale, and/or through consignment, you can set yourself up for a successful sale.
The Beethoven Foundation accepts piano donations depending on condition of the piano. If your donation is accepted, they pick up your piano for free. Plus, you get a receipt with your donation for a tax deduction. Pianos for Education will pick up a piano in all 50 states for free.Feb 3, 2020
How much is an old piano worth?
Piano Type
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Steinway & Sons
Steinway & Sons
Steinway & Sons
Yamaha/Kawai/Samick
How do I find out how much 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.
Are old pianos worth any money?
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.
What pianos are worth money?
Manufacturers and brands that retain the most value and are most re-sellable on the open market: Steinway & Sons pianos less than 40 years old (30 years old is the cutoff to be considered for the Steinway Certified Pre-Owned Program) Yamaha and Kawai pianos less than 15 years old.
What can you do with old pianos?
One way to dispose of an old piano is to donate it. However, the size of your piano and the condition that it is in plays a large role in whether or not an organizations will accept your donation. There are many places that accept piano donations, including: Nonprofit organizations.
Do pianos hold their value?
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. They may eventually appear to appreciate in value, but the appreciation is entirely due to inflation.