Much of the information here is from The Piano Book by Larry Fine
Piano Values
Please note that it is nearly impossible to determine the value of a piano without
seeing it. The values below are for reference only.
Your local piano tuner-technician is still your best resource!
Description
Low Range
Average Range
High Range
Upright, pre-1930, average worn condition
$ 0 - 100
$ 200 - 400
$ 500 - 800
Upright, pre-1930, better condition (has received minor repair, cleaning,etc.)
$75-300
$300-600
$750-1,000
Upright, pre-1930, very good condition has received major reconditioning)
$100-500
$650-1,050
$1,000-1800
Studio, 1930-1950, fair condition
$100-450
$450-800
1,000-1,500
Studio, 1950-1970, good condition
$300-500
$600-1,200
$1,200-1800
Studio, 1950-1970, very good condition
$500-1,000
$900-1,450
$1,500-2200
Console or spinet, 1930-1950, fair condition
$100-400
$400-600
$700-900
Console or spinet, 1950-1970, good condition
$200-500
$500-900
$800-1,200
Console or spinet, 1950-1970, very good condition
$500-800
$750-1,300
$1,100-1,600
Grand, pre-1930 average brand, average worn condition, 5'+
$200-500
$650-1,300
$1,200-3,000
Grand, pre-1930 average brand, average worn condition, 6'
$300-500
$900-1,800
$2,500-4,000
Grand, pre-1930, better brand, (e.g. Knabe or Chickering),well maintained, 5'+
$600-1,400
$1,300-2,100
$3,000-3,500
Grand, pre-1930, better brand, (e.g. Knabe or Chickering),well maintained, 6'
$800-1,500
$1,650-2,700
$3,500-4,500
Grand, 1930-1950, better brand, good condition, 5'
$800-1,500
$1,800-2,900
$4,000-5,000
Grand, 1930-1950, better brand, good condition, 6'
$800-1,500
$2,250-3,550
$5,000-6,000
Grand, 1950-1970, mediocre brand, (e.g. Aeolian), good condition, 5'
$700-1,100
$1,200-2,100
$2,000-3,000
Grand, 1950-1970, mediocre brand, (e.g. Aeolian), good condition, 6'
$800-1,200
$1,500-2,500
$2,000-3,000
Grand, 1950-1970, better brand, very good condition, 5'
$1,000-1,800
$2,200-3,450
$4,000-6,000
Grand, 1950-1970, better brand, very good condition,
$1,000-1,800
$2,900-4,500
$5000-7000
Note: Add 10 to 30 percent (sometimes up to 50 percent) for an "equivalent"
piano from a technician instead of a private owner. Steinway pianos usually sell for one-and-a-half to three times
(sometimes as much as four) the above prices.