Welcome to the Piano World Piano Forums
Over 2 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

SEARCH
the Forums & Piano World

This custom search works much better than the built in one and allows searching older posts.
(ad) Pianoteq
Latest Pianoteq add-on instrument: U4 upright piano
(ad) Pearl River
Pearl River Pianos
(ad) P B Guide
Acoustic & Digital Piano Guide
PianoSupplies.com (150)
Piano Accessories Music Related Gifts Piano Tuning Equipment Piano Moving Equipment
We now offer Gift Certificates in our online store!
(ad) Estonia Piano
Estonia Piano
Quick Links to Useful Stuff
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers
*Organs

Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano Accessories
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Piano Books
*Piano Art, Pictures, & Posters
*Directory/Site Map
*Contest
*Links
*Virtual Piano
*Music Word Search
*Piano Screen Saver
*Piano Videos
*Virtual Piano Chords
Topic Options
#1997617 - 12/10/12 10:18 PM Fair Price for 2004 U5
mdsdurango Offline
1000 Post Club Member

Registered: 01/01/04
Posts: 1755
Loc: Durango Colorado
I showed my U5C last weekend. I've put what I think is a low enough price to sell it. Built in 2004 (?) and probably has 200 hours max play time. Like new condition inside and out. I've been asking $8000.00. The responce I got today -"I really like the piano, but it may be out of our price range--I feel that what we are paying for is the woodwork and I would be okay with a cheaper piano that played as well.
Thanks for letting us try it out. If you decide to go down on the price, let me know."
OK - it's got an art case. a beautiful case at that - but I don't think my price includes the wood work. Am I wrong?
What would be a fair price for a 2004 U5 in Ebony in the same condition?
I really need some advice here and appreciate any responce.
Mike
_________________________
WHAT???????
Yamaha S6, U5C, P120
http://michaelstith.com

Top
(ads 568) Hailun Pianos

piano accessories music gifts tuning and moving equipment
#1998648 - 12/12/12 11:00 PM Re: Fair Price for 2004 U5 [Re: mdsdurango]
Cy Shuster, RPT Offline
3000 Post Club Member

Registered: 12/18/05
Posts: 3448
Loc: Albuquerque, NM
Well, the equivalent now is the YUS5. Pianobuyer.com says it's now $18K in ebony (SMP), new. According to their depreciation schedule, it should be worth about 60% of that, or $10,800. So your price is in the ballpark.

The real question is whether in this economy you can get someone to buy it, much less a new upright for $18K. Right now, baby grands are more popular, and you can get them for under $5K (not Yamaha quality, but still).

The biggest market for quality uprights is in big cities with small apartments. Try listing it in New York and Chicago.

--Cy--
_________________________
Cy Shuster, RPT
505-265-4234
www.shusterpiano.com
www.facebook.com/shusterpiano
Albuquerque, New Mexico

Registered Piano Technician
Dampp-Chaser Certified Installer
PianoDisc Certified Service Technician

Top
#1998673 - 12/12/12 11:44 PM Re: Fair Price for 2004 U5 [Re: mdsdurango]
PianoWorksATL Offline
2000 Post Club Member

Registered: 09/19/09
Posts: 2640
Loc: Atlanta, GA
Maybe I'm mistaken, but I don't think the depreciation is from SMP but from actual selling price. The YUS5 being a less common model but currently available discounts for Yamahas in most markets to be quite strong, let's say the selling price for a new YUS5 was 25% off SMP or $13,500. I don't think that would surprise a lot of people here.

If you use depreciation from that range, you are still at $8,100...for the plain model.

There absolutely are buyers for higher-end used. Secondly, if someone wants a black one, they won't want a fancy one even at the same price. I think the biggest challenge you face is that you are presenting a higher-end product in the same places where most people are scavenging for cheap, cheap, cheap.

It's a beautiful piano, but it can also be an imposing piano. Have you considered talking to your original dealer about a reasonable consignment arrangement where it might get the traffic necessary to be appreciated?

To your shopper, plain U5's don't grow on trees, so a "cheaper piano" would not play as well.
_________________________
Sam Bennett
PianoWorks - Atlanta Piano Dealer
Bösendorfer, Estonia, Seiler, Grotrian, Weber & Hailun
Pre-Owned: Yamaha, Kawai, Steinway & other fine pianos
Full Restoration Shop
www.PianoWorks.com
www.youtube.com/PianoWorksAtlanta

Top

Moderator:  Ken Knapp, Piano World, Rickster 
What's Hot!!
HOW TO POST PICTURES on the Piano Forums
-------------------
Sharing is Caring!
About the Buttons
-------------------
Forums Rules & Help
-------------------
ADVERTISE
on Piano World

The world's most popular piano web site.
-------------------
PIANO BOOKS
Interesting books about the piano, pianists, piano history, biographies, memoirs and more!
(125ad) Dampp Chaser
Dampp Chaser Piano Life Saver
Sheet Music
(PW is an affiliate)
Sheet Music Plus Featured Sale
Download & Print Sheet Music Instantly
sheet music search
sheet music search

sheet music search
(ad) HAILUN Pianos
Hailun Pianos - Click for More
(ad) Lindeblad Piano
Lindeblad Piano Restoration
Who's Online
82 registered (AtomicBond, Atrys, AZNpiano, Beemer, 16 invisible), 1158 Guests and 62 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
74318 Members
42 Forums
153721 Topics
2253468 Posts

Max Online: 15252 @ 03/21/10 11:39 PM
New Topics - Multiple Forums
The Eagles - Hotel California (Piano Cover)
by Mr. Pianoman
04/25/14 03:29 AM
Student growing tall
by pianoplayer84
04/25/14 02:41 AM
Whole tone scales leading to interesting series of keys
by caters
04/25/14 12:16 AM
Another beginner
by mojoe
04/25/14 12:02 AM
GH1 tuning pin torque
by awyaks
04/24/14 11:38 PM
(ads by Google)

Visit our online store for gifts for music lovers

 
Our Piano Related Classified Ads
| Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World | Donate | Link to Us | Classifieds |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter | Press Room |


copyright 1997 - 2014 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission