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#1300677 - 11/06/09 05:48 PM How to estimate asking price for used piano
Bill Fish Offline
Junior Member

Registered: 11/06/09
Posts: 2
After my teenager retired from piano practice I find the need to part with the Baby Grand she used to play. Is there a "Blue Book" for pianos? It's an ebony polish Kawai GE-20 I purchased new in 2002. I'm looking for a rough resale value to determine whether to go through the hassle of listing and selling versus donating it to our local theatre.
Any help would be appreciated
Bill
Kansas City, Missouri

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#1300691 - 11/06/09 06:11 PM Re: How to estimate asking price for used piano [Re: Bill Fish]
Steve Cohen Offline
7000 Post Club Member

Registered: 05/26/01
Posts: 7454
Loc: Maryland/DC
There is a good table for figuring out its value in Piano Buyer.

Go to: Piano Buyer Depreciation Schedule.
_________________________
Industry Consultant and dealer principal

Jasons Music Center
Family Owned since 1937.
www.jasonsmusic.com

Advertising Director and Contributing Editor
Larry Fine's Acoustic & Digital Piano Buyer

My postings, unless stated otherwise, are my personal opinions and not those of my clients.

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#1300695 - 11/06/09 06:19 PM Re: How to estimate asking price for used piano [Re: Steve Cohen]
M.O.P. Offline
Full Member

Registered: 03/14/09
Posts: 454
Loc: Ocala, Florida
Hi Bill -

Once you've decided on a value for your piano, then comes the consideration of the potential hassle of trying to sell it, and dealing with all sorts of folks, etc.

The simple fact that you are even considering donating such a nice instrument says a great deal about you. If that is a viable possibility, I'm sure your local theatre would be overwhelmed by such generosity. All too often churches, theatres, schools, etc., are "gifted" (however well intentioned) with old worn out instruments that are pretty much useless. Your donation would be a nice tidy little tax write off for you, so you would both benefit.

Best of luck to you!
_________________________
Nancy Fanzlaw
www.MakeAnOfferPianos.com

"Even if you're on the right track, you'll get run over if you just sit there." Mark Twain

"The piano was God's gift to music." Lou Mason


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#1300753 - 11/06/09 07:47 PM Re: How to estimate asking price for used piano [Re: M.O.P.]
Jeff Clef Offline
1000 Post Club Member

Registered: 10/05/08
Posts: 1137
Loc: San Jose, CA
Piano techs will also do appraisals. They can write them up for you for tax, insurance, donation, pre-sale, etc. I would think having the written evaluation of condition on hand, and having the instrument in tune, would help you make a sale on favorable terms (though the buyer may want their own inspection as well).

The tech may also know of potential buyers, or know what dealers might be best if you decide to go that way.
_________________________
Clef


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#1300880 - 11/07/09 01:08 AM Re: How to estimate asking price for used piano [Re: Bill Fish]
Bill Fish Offline
Junior Member

Registered: 11/06/09
Posts: 2
Thank you each for your replies. They were helpful. I'll ask our technician who tunes the piano if he can give a written estimate and go from there.
Bill

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