If a piano has experienced a fire, flood, or moving damage, it may not be worth putting the money into it. However, smaller, low-priced (originally) pianos often have limited potential. Cost of repairs vs. replacement - Extensive rebuilding/restoration may be more than the cost of a new, comparable piano.
How much does it cost to restore an old piano?
Rebuilding a piano is a large, time-consuming project that can take almost as much time as the construction of a new instrument by the original manufacturer. Quality rebuilding work is very expensive, easily ranging from $25,000 to $40,000, or even more, for a first-class restoration of a high-quality instrument.
Is it worth repairing a piano?
Most pianos can go years without needing to be reconditioned or repaired, although the quality of the tone, touch, and outer appearance of the piano will continue to decline with age. One piano may need rebuilding after 20 years of use, but another may last over 50 years.
Are old pianos worth restoring?
That said, the life of a piano is relative to its use, but adding 50-70 years of playability and beauty is a worthwhile investment to keep a valuable, handmade piano alive. Restored pianos hold their value longer than brand new pianos. 3. Pianos can be refinished during restoration to achieve a customized look.
How much is an old piano worth?
Piano Type
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Steinway & Sons
Steinway & Sons
Steinway & Sons
Yamaha/Kawai/Samick
Is it worth repairing a digital piano?
Though digital keyboards and pianos do last for a long time, there are some occasional defects which you will need to get repaired. Getting it repaired from a qualified professional or an authorized servicing center is your best bet. The brand of keyboard or piano should not matter much for repair work.
Are older pianos more valuable?
In general, the older the upright or grand piano, the more valuable it's going to be. Now, you'll be able to date most pianos within a few years using the serial numbers you find, as these dates will give you a good estimate of what your piano might end up being worth.
Do pianos increase in value with age?
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.
How much does it cost to fix piano keys?
The cost of doing this procedure is about $475.00 for upright pianos and $575.00 for grand pianos. The other way to solve the problems is by removing the old leads and replacing them with new ones. Replacing key leads is about $900.00.
Do pianos improve with age?
Are old pianos better than new ones? The answer is: it depends. Old pianos can continue to sound wonderful for many years with regular maintenance and care, but even pianos that have deteriorated can often be restored to their former glory, and in many cases made to sound even better than when they were new.
Is a 40 year old piano worth?
How do I know if my piano is worth anything?
To determine if your piano can be sold, there are some basic things to ponder: overall appearance, brand, and age/condition. Overall Appearance: People who buy decent-quality pianos of higher value usually have well-decorated environments for them to be placed.
How much is a 50 year old piano worth?
Piano Type Age Approximate Value Range
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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
Is there a blue book for pianos?
The Bluebook of Pianos is an invaluable handbook for anyone who owns or plans to buy a piano. After an illustrated discussion of piano structure that explains the workings of both grand and upright pianos, the book gives careful advice for purchasing a new or used piano.
Is it worth it to restore an old piano?
1. Restoration is significantly cheaper than buying a new, handmade piano of comparable value. What many people do not realize is that the investment in restoring a valuable antique piano is far more affordable than buying a new piano of similar value.
Is a 40 year old piano still good?
But even with normal conditions and perfect environment, the parts will break down with time. Let's say we have a piano that has never been played, is in perfect condition in an ideal environment, and is 40 years old. Pianos become 'vintage'.
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.
Is it worth restoring a piano?
Restoring a piano adds between 50 and 70 years of life to a piano. That said, the life of a piano is relative to its use, but adding 50-70 years of playability and beauty is a worthwhile investment to keep a valuable, handmade piano alive. Additionally, a new piano drops in value like a brand new car would.