NEW PIANO PRICES
Thinking of buying a new acoustic upright or grand piano?
Want to know what the average retail price is before you walk into a dealer's showroom?
You won't find published retail prices on most of the manufacturers' websites. If you do, they are purposely inflated
to allow their dealers the opportunity to discount from the Manufacturer's Suggested Retail Price (MSRP).
You also will not find much information published on a local piano dealer's website. Piano dealers generally do not
like to quote prices over the phone either. They would much rather get you in to their store first, so they can have a
better chance of closing a sale.
It would also be nice to compare the cost of different brands and models in order to assess what is available before
you venture out to several piano stores (because only certain stores carry certain brands).
Knowledge is power as a consumer. Although dealers obviously must mark up wholesale in order to
make a living, in no way is the inflated amount consistent across the board, nor universally agreed upon.
This is the answer - and the only free publication to provide this information in the piano industry.
It is used extensively as a source book in the piano business by both consumers and members of the trade:
Piano Buyer - Current Edition
By Larry Fine
Piano Buyer is the definitive guide for buying a new piano. It provides a wealth of information, including:
- Retail Prices For Every Major Piano Brand and Most Models
- Advice on How to Estimate Actual "Street Prices"
- Reveals all the information necessary to differentiate between a good deal and a great deal
- Updated General Information on Manufacturers and Models
USED PIANO PRICES
Determining the value of a used piano on your own may be possible, but is not necessarily a simple task.
However, you could:
1. Try searching online for pianos similar to yours - but it may be difficult to find comparisons with the exact brand
name, model, age and condition. Furthermore, most prices seen in ads and auctions are simply asking prices by
private sellers, which are usually not based on any level of market knowledge, and often misguided by wishful
thinking, sentimental value or misinformation regarding the true condition of the piano.
2. Consult with a local piano technician - although an on site inspection and $100-$200 appraisal fee
is usually involved.
3. Talk to local piano stores to get their opinion.
This is why piano technicians and property appraisers apply several criteria to value used pianos:
1. Restored Value Against Restoration Cost
The difference between the price of a what a piano could sell for in like-new condition minus the cost of
repair/reconditioning/restoration.
2. Sales Comparison Approach
Comparing the piano with final selling prices of similar pianos of the same age, brand name, model, condition and
market location.
3. Depreciation Schedule
A percentage of the price of a new piano of the same make and model, or one of similar quality and description.
Since there is no used piano price directory or blue book as there is for other merchandise, like cars for example,
piano pricing can be very confusing for most people. For this very reason, we can help you determine the accurate
current resale value of any piano, without the guesswork:
Thinking of buying a new acoustic upright or grand piano?
Want to know what the average retail price is before you walk into a dealer's showroom?
You won't find published retail prices on most of the manufacturers' websites. If you do, they are purposely inflated
to allow their dealers the opportunity to discount from the Manufacturer's Suggested Retail Price (MSRP).
You also will not find much information published on a local piano dealer's website. Piano dealers generally do not
like to quote prices over the phone either. They would much rather get you in to their store first, so they can have a
better chance of closing a sale.
It would also be nice to compare the cost of different brands and models in order to assess what is available before
you venture out to several piano stores (because only certain stores carry certain brands).
Knowledge is power as a consumer. Although dealers obviously must mark up wholesale in order to
make a living, in no way is the inflated amount consistent across the board, nor universally agreed upon.
This is the answer - and the only free publication to provide this information in the piano industry.
It is used extensively as a source book in the piano business by both consumers and members of the trade:
Piano Buyer - Current Edition
By Larry Fine
Piano Buyer is the definitive guide for buying a new piano. It provides a wealth of information, including:
- Retail Prices For Every Major Piano Brand and Most Models
- Advice on How to Estimate Actual "Street Prices"
- Reveals all the information necessary to differentiate between a good deal and a great deal
- Updated General Information on Manufacturers and Models
USED PIANO PRICES
Determining the value of a used piano on your own may be possible, but is not necessarily a simple task.
However, you could:
1. Try searching online for pianos similar to yours - but it may be difficult to find comparisons with the exact brand
name, model, age and condition. Furthermore, most prices seen in ads and auctions are simply asking prices by
private sellers, which are usually not based on any level of market knowledge, and often misguided by wishful
thinking, sentimental value or misinformation regarding the true condition of the piano.
2. Consult with a local piano technician - although an on site inspection and $100-$200 appraisal fee
is usually involved.
3. Talk to local piano stores to get their opinion.
This is why piano technicians and property appraisers apply several criteria to value used pianos:
1. Restored Value Against Restoration Cost
The difference between the price of a what a piano could sell for in like-new condition minus the cost of
repair/reconditioning/restoration.
2. Sales Comparison Approach
Comparing the piano with final selling prices of similar pianos of the same age, brand name, model, condition and
market location.
3. Depreciation Schedule
A percentage of the price of a new piano of the same make and model, or one of similar quality and description.
Since there is no used piano price directory or blue book as there is for other merchandise, like cars for example,
piano pricing can be very confusing for most people. For this very reason, we can help you determine the accurate
current resale value of any piano, without the guesswork:
| Prices of New and Used Pianos |
| Looking for a used piano price guide? See below |
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