Selling an upright or grand piano is not a simple matter. It can be difficult to find a buyer for your used equipment, but even if you succeed, there is still one more aspect. Namely, the valuation of the offered instrument. Prices among communities vary, which is why it is worth considering the help of specialists in this field, who will professionally assess the current value of an old piano, making the price attractive and adequate to its condition at the same time.
Piano value – rising or falling?
When considering the sale of an instrument in the form of an upright or grand piano, one may wonder what its current value is and whether it will increase over time. Perhaps, this could be the last moment to get decent money for the instrument. There are a few key factors that affect the value of an instrument and whether there is a chance that, as it ages, its market value will also increase. These include:
- manufacturer of piano;
- the current condition of the instrument;
- uniqueness of the instrument;
- current situation on the piano market.
Example of a decrease in value of a newly purchased piano
| after 1 year | after 2 years | after 3 years | after 4 years | after 5 years | after 10 years |
|---|---|---|---|---|---|
| 80% | 75% | 70% | 65% | 60% | 55% |
Which pianos are currently gaining in value?
The current situation on the market for musical instruments, including pianos, indicates that there is a group of factors which cause the offered instrument to gain in value among competitive offers. The basic element here is, of course, the ‘condition’ of the instrument. If it is in good condition, with a low level of wear and tear, you can count on being able to get a higher amount for the piano. In addition, instruments from recognised brands on the piano market can gain in value, such as:
In addition, the higher value of our pianos is influenced by:
- limited edition e.g. Bosendorfer Gustav Klimt or Bosendorfer Cocteau;
- special finishes e.g. Steinway & Sons Ludwik XV or Schimmel Glas;
- additional systems e.g. silent system, piano disc etc;
- instruments with a special history or known owners in the past.
How much is my old piano worth and how do I sell it?
Are you curious about how much your upright or grand piano is worth? You can try to determine its value yourself by, for example, comparing the prices of similar instruments on advertising portals. Or you can use the approximate piano valuation offered by Klaviano. Based on a few photos and some basic information about your piano, we will determine its approximate value for you. If you want to determine the exact condition and value of your instrument, you will need a professional tuner. You can easily find a good piano tuner in your area on the list of tuners.
Now that you know the value of your old piano, where is the best place to sell it? We recommend using our portal Klaviano.com (a kind of Ebay only for pianos 😉 ). Adding an advert is quick and easy, and we also have an article with tips on how to create an advert which will effectively “sell” your instrument.
See also: 4 ideas for what to do with an old piano