Written By :
Fairfax County Piano Tuners
Are you a piano owner wondering, how do I know if my old piano is worth anything? Whether you’re not interested in playing anymore or have inherited a piano, don’t toss it out just yet! In many cases, you can sell that piano to private buyers, schools, and other such places easily.
To find out if your old piano is worth anything, research its make and model, age, condition, and market demand. It’s also good to note if the piano has any historical significance and if a donation for tax purposes might be a better option.
Obviously, there is more to answering the question, how do I know if my old piano is worth anything? Also, you can usually contact a piano services technician near you for an appraisal. They can advise on a piano’s value and might even suggest how to sell it as quickly and profitably as possible.
A piano’s value depends on various factors including its age, brand, condition, model, historical significance, and market demand. With this in mind, check out some steps to take to assess the value of your old piano:
Start by identifying the brand and model of your piano. Some brands have a reputation for producing high-quality instruments that retain their value over time. If you’re not sure the piano’s brand and model, these tips can help:
The age of the piano plays a significant role in its overall value. Generally, older pianos may have more value if they are well-maintained and come from reputable manufacturers. If you’re not sure of the piano’s age, check with a piano services technician. They can usually check its condition and other factors and at least estimate the keyboard’s age.
Find the serial number of the piano. This can often be located on the inside of the piano, usually near the tuning pins. Serial numbers can help you determine the manufacturing date, which can affect its value.
The condition of the piano is crucial. A well-maintained piano will have higher value. Check for any visible wear and tear, water damage, cracked soundboard, damaged keys, and rusty strings. Also, check if the piano holds its tune.
If the piano has undergone any restoration work, this could impact its value. High-quality restorations can sometimes increase the value, especially if the piano sounds and plays beautifully after restoration.
Pianos from well-known and reputable manufacturers tend to have better value compared to lesser-known brands. You can often find out about a manufacturer’s reputation online. Note the value of their pianos compared to other brands. Also, check out online reviews about their models over the years from piano manufacturers.
The demand for pianos varies by region and over time. Antique and vintage pianos might have a niche market, so it's essential to research the current demand for such instruments. Also, your area will have a lower or higher demand for pianos than others.
For instance, areas with music colleges might see a high demand for used pianos. Both the schools and pupils are often in the market for affordable instruments! Churches and music halls also tend to be in the market for used pianos as well. If you have a high concentration of these venues in your area, your piano might be in high demand.
If the piano has a notable history, such as being owned by a famous musician or used in a significant event, it could have higher value. Even if the piano was used by a local performer, this could increase its value.
Assessing the value of a grand piano involves considering the brand, age, and condition. Renowned brands like Steinway & Sons hold higher value. Check for wear, damage, and repairs, while original components and finishes enhance worth. A piano technician's evaluation of sound quality and playability is crucial. Rarity and market demand also play a role, especially for limited edition or unique models. Overall, brand reputation, condition, age, and expert opinions determine a grand piano's value.
*Note that if it's a square grand piano this means it is antique as this style has not been produced in the last 125 years.
Some examples of rare grand piano models and makes include:
Identifying an antique piano requires a keen eye for details and some research. Here are some tips to help you accurately identify and evaluate an antique piano:
Fairfax County Piano Tuners by PianoCraft is happy to help answer, how do I know if my old piano is worth anything? Hopefully we’ve given you some great advice to consider! Also, call our Fairfax piano services technicians if you’re in the area and need tuning, repairs, and other support. We offer FREE quotes and outstanding expertise.