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#2075276 - 05/01/13 09:10 PM Market value of a spinet
BenP Offline
Full Member

Registered: 01/16/12
Posts: 184
Loc: South Jersey
In your area, what would you say is the market value of an average spinet? Say, a 1970's Wurlitzer like the one I worked on today - average condition, tuned every few years maybe.

I'm asking because I've run across dozens of these, and I honestly feel they have a market value of about zero (at least around here - I have a feeling most of the USA is similar). Part of the reason I know that is because we've had a handful of them donated to the school where I teach - a nice gesture, but probably due mostly to the fact they are difficult, if not impossible to sell.
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Ben Patterson
South Jersey Piano Service, LLC
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#2075280 - 05/01/13 09:22 PM Re: Market value of a spinet [Re: BenP]
That Guy Offline
Full Member

Registered: 10/07/11
Posts: 492
Loc: Lincoln, NE
I know what you mean. I've begun telling people that as a usable instrument to learn on it has value (assuming it's usable) but as far as monetary value there isn't much.
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Scott Kerns
"That Tuning Guy"
Lincoln, NE
www.thattuningguy.com

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#2075284 - 05/01/13 09:35 PM Re: Market value of a spinet [Re: BenP]
RestorerPhil Offline
Full Member

Registered: 02/26/12
Posts: 231
Loc: Georgia, USA
Craig's List listings around here are $225-$400. Most are a little older. A few really nice looking ones price up to $600, but I don't know that the sellers are getting that price.

I have been amazed at the price drop.
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#2075345 - 05/01/13 11:20 PM Re: Market value of a spinet [Re: BenP]
beethoven986 Offline
3000 Post Club Member

Registered: 01/20/09
Posts: 3489
If it truly is in decent condition, maybe a few hundred dollars. And that is a big maybe. If it needs new hammers, new key bushings, regulation, etc. the repair cost will exceed replacement cost. A friend of mine recently bought a 15 year old Yamaha P22 for $2,000.... I'd rather have my clients save their money for something like that than have me fuss with these clunkers.

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#2075867 - 05/02/13 12:10 PM Re: Market value of a spinet [Re: beethoven986]
Dan Casdorph Offline
Full Member

Registered: 04/20/09
Posts: 399
Loc: Morgantown, West Virginia
Spinets in my area are now free on Craigslist. The last few Craigslist ones I've seen were free, and I can't remember any that sold for money. I tell people not to accept them for free because most have some action issues and have been neglected for decades. I tell them only to accept them if the seller pays them $500 or more.
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Casdorph Piano Service
Morgantown, WV
www.casdorphpiano.com
All pianos are bald ones.

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#2076119 - 05/02/13 07:24 PM Re: Market value of a spinet [Re: BenP]
Bob Offline
4000 Post Club Member

Registered: 06/01/01
Posts: 4287
Craigs list is $250 to $700 in Orlando. I haven't seen too many going for free like the old uprights do sometimes. As long as they are not rusted out, they perform at the starter piano level (but many need some work, of course). Rust or sticking, or glue failure due to moisture damage is the only reason to toss them. The humidity is keeping the pins tight on most.
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www.PianoTunerOrlando.com






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#2076583 - 05/03/13 10:56 AM Re: Market value of a spinet [Re: Dan Casdorph]
BenP Offline
Full Member

Registered: 01/16/12
Posts: 184
Loc: South Jersey
Originally Posted By: Dan Casdorph
I tell people not to accept them for free because most have some action issues and have been neglected for decades. I tell them only to accept them if the seller pays them $500 or more.


Nice. That has pretty much become my attitude toward spinets. As long as it works, fine, but once it needs even a few hundred dollars worth of repairs, it is not worth it. For a few hundred dollars, you could get another working spinet, or save toward an affordable upright that is a far better piano.

I don't look at craigslist on a regular basis, but a quick search just now turned up several free spinets, a couple of them in decent condition. There are also some for sale in the $200-400 range, but I seriously doubt they will get that much for it.
_________________________
Ben Patterson
South Jersey Piano Service, LLC
www.sjpianoservice.com

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