The cost of a new 5'1″ Steinway S piano is $69,700. Larger Steinway pianos like the 9′ model D cost $171,000. Smaller Steinway pianos like model A, B, L, M and O cost between $74,300 – $129,000. Used Steinway pianos average 48% of the current MSRP prices.
Upright & Grand Pianos Price Size
---------------------- -------- ---------
Model O $83,000 5' 10.5"
Model A $96,000 6'2"
Model B $109,000 6' 10.5"
Model D $171,000 8' 11.75"
How much are old Steinway pianos worth?
“A 10-year-old Steinway in good condition, usually sells for about 75 percent of the current retail price, which goes up about 4 percent each year.” “Over the past decade, the price on the classic Steinway Model B grand piano–currently $81,200–increased 48%, far outpacing the 29% rise in inflation.”
How much did a grand piano cost in 1900?
D K
---- ------ ----
1900 $1,400 $550
1905 $1,600 $500
1910 $1,600 $550
1915 $1,600 $550
Do grand pianos appreciate in value?
Grand pianos generally appreciate more than verticals, and higher quality pianos increase more in value than less expensive ones. ... While Steinways tend to go up in price the most, many others also appreciate or at least hold their value.Aug 21, 1991
How much is a 70 year old piano worth?
Piano Type
-------------------
Steinway & Sons
Steinway & Sons
Steinway & Sons
Yamaha/Kawai/Samick
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.
How much is a grand piano worth?
Entry level grand pianos costs between $7000 – 30,000. High-end grand pianos such as Steinway, Bosendorfer, and Yamaha can cost between $65,000 – $190,000. Whether it's an upright or grand piano, the cost of the instrument is greatly affected by branding, the materials used, labor, and the current market.Mar 12, 2019
Is a Steinway piano a good investment?
Buying a Steinway is more akin to purchasing a piano that is also a work of art and craftsmanship itself. It is a good investment but it should not be considered the only option for best quality and overall performance.Apr 18, 2019
Do Steinway pianos depreciate?
If you were to purchase a brand new Steinway (or any other high end new piano for that matter) the moment it sets foot in your home it becomes a “Used Piano”. It loses 30-40% of it's value overnight.Aug 6, 2016
What pianos appreciate in value?
Grand pianos generally appreciate more than verticals, and higher quality pianos increase more in value than less expensive ones. While Steinways tend to go up in price the most, many others also appreciate or at least hold their value.Aug 21, 1991