Is an old Steinway worth it?

Is an old Steinway worth it?

With the exception of digital pianos, which do depreciate with age (because of advances in technology), most reputable pianos age well as long as they are properly cared for. Therefore, there is no evidence or market research to suggest that Steinways hold their value longer or better than other reputable brands.

Can I sell a piano with ivory keys?

The American piano industry voluntarily abandoned ivory as a key-covering material and switched to plastic in the mid-1950s. This means that individuals and dealers will not be permitted to buy, sell, or take in trade ivory-keyed pianos, unless the ivory is removed from the piano before the instrument is moved.

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How much is a 1940 Steinway piano worth?

Each price reflects a Steinway & Sons in the standard Ebony Satin Finish.

D B
1925 $2,700 $1,925
1930 $3,000 $2,200
1935 $3,000 $1,875
1940 $3,150 $2,025

What is the most expensive Steinway piano?

The world’s most expensive grand piano sold at auction is a specially designed D-274 named Steinway Alma Tadema; it sold for $1.2 million in 1997 at Christie’s in London, breaking Steinway’s own 1997 price record of $390,000. The D-274 was built in 1883–87 and designed by Sir Lawrence Alma-Tadema.

How much does it cost to refurbish a Steinway?

Having a Premium-Quality Piano Rebuilt

Quality Class Example Potential Retail Price of Restored Piano
High Steinway B c.1920 (core piano) $65,000–$75,000
High Steinway B c.1990 (still functional) $65,000
Medium to High Baldwin L c.1950 (core piano) $22,000
Medium to High Baldwin L c.1990 (still functional) $16,000

What is a Steinway baby grand worth?

How much is a Steinway Model S baby grand piano? The 2018 retail starting price of a Steinway Model S Ebony Satin piano is $69,700. In general, a pre-owned Steinway will be priced at a substantial discount to the new pricing because of the Steinway “off the lot” phenomenon.

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When did Steinway stop using ivory?

“1956-Steinway along with the other American piano manufacturers all agreed to abandon ivory and start using plastic for keys.”

What is ivory worth?

The price currently paid for raw ivory in Asia, according to an investigation by the Wildlife Justice Commission, is currently between $597/kg and $689/kg, in U.S. dollars.

How much is an old Steinway upright worth?

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Year Details Price
1939 Steinway Upright Piano $2,000
UP-126 PE Upright piano Designed by Steinway & Son $2,200
1997 beautiful piano Steinway K52 Ebony Upright $2,600
2015 Beautiful, regularly tuned Upright Steinway & Sons 2015 $2,900

How much does a Steinway piano cost today?

Compared to today’s price for a Steinway B, the piano would cost $108,000. Doing the math it’s easy to see that the seller is charging around 46\% of the original price for a piano that is 15 years old.

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What do the serial numbers mean on Steinway pianos?

Steinway Serial Numbers represent the approximate ending serial number for the year of production for New York and Hamburg pianos. Please Note: Serial numbers for some early production may span more than one year.

How big was the first baby grand piano?

MODEL SERIAL NUMBERS DATES OF MANUFACTURE ACTUAL SIZE Model M First One # 149,500 Made in 1911 5′ 6″ 1914 5′ 6 &3/4″ 1918- 5′ 7″ Model S Baby Grand Piano First One # 280,900 Made In 1935- 5′ 1″

How much does a Steinway D cost?

For example, a Steinway D in a basic Polished ebony or Satin finish costs around $171,100. Now, compare that price to a new Steinway D made with a Mahogany finish that runs at $200,000.