<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1052846905070813&amp;ev=PageView&amp;noscript=1">

How to Sell a Piano: The Complete Guide | Coach House Pianos

By Lucy Maddox - November 30, 2021

There may be many reasons why you want to sell your piano and not simply give it away. Perhaps it’s time to upgrade or downsize, or maybe you have inherited a piano but are not making good use of it.

It can be difficult to find an interested buyer for your piano given the complexity of the instrument and perhaps you lack of confidence as the seller that you are getting a fair price, while from the buyer’s perspective they may lack confidence that they are getting a quality piano.

 

Despite the difficulties, there are many people searching for grand, baby grand or upright pianos on the second-hand market. Pianos are built to out-live us and whilst they may need restoring after 40 years or so, in the main, they need never be retired. The used piano market is therefore a popular one.

 

So, to answer the question “How to sell a piano?”, there are two main options:

 

  • Sell your piano privately

  • Sell to a dealer -  who will service, regulate, and carry out any repair works both internally and externally before warrantying and selling through their showrooms.

    By opting for a  private purchaser,  you do run the risk of them faltering on an offer, bartering on price when it comes to collection and potentially using a non-professional transport team who may damage your property when removing the instrument.

A piano will become easier to sell if you follow a few tips from this article. 

 

Table of contents:

 

 

 

How much can you sell a piano for?

 

If you are thinking about selling your acoustic piano, you can of course try advertising to sell your piano privately online.

 

 

FXT30262

 

You may have already considered uploading adverts onto online classifieds like Ebay, Facebook Marketplace, Gumtree and Preloved, or you may know of some dealers or piano stores that you wish to contact first for some advice. 

 

But first, consider whether your piano is suitable for resale. You can do this by looking at its brand, condition and appearance before advertising to sell online.

 

Brand

 

Well-known brands with good reputations will generally generate more interest and be valued higher than brands that lack name and/or quality recognition.

 

Some of the most saleable current market brands include Kawai, Steinway & Sons, Bechstein, Bösendorfer and YamahaDo get in touch with us if you'd like to find out more about which piano brands are popular, and more importantly, saleable. 

 

Condition

 

A piano’s age alone tells us very little about its actual condition; how much it has been played or how well it has been maintained. A potential buyer will be interested in the piano’s use and maintenance history, so make this available.

 

Older pianos that are likely to attract most interest include:

 

  • High-quality brands, such as Bechstein, Kawai, Bösendorfer, Yamaha, Steinway & Sons and Sauter.

  • Used pianos that have been completely renovated using only genuine and authentic materials and parts.

  • Instruments that, due to low use and favourable environmental conditions are still in exceptional condition.

Appearance

 

If your piano looks scruffy, it’s less likely to sell.

 

As well as a musical instrument, people also value a piano as a piece of furniture, which means that many pianos that play well may not be saleable if they don’t also look the part.

 


Determining a Pianos Age

 

The piano’s serial number helps determine a piano’s age, as well as the country where it was manufactured - which will both be of interest to any potential buyer. 

 

The serial number can vary from piano to piano, consisting of either numbers and letters or just numbers. This depends on the make, model and brand of the piano, and in some cases is dependent on the country in which the piano was produced if the manufacturer has multiple factories, as is the case with Yamaha, Kawai and Steinway.

 

The serial number is usually printed on the frame, or sometimes on the soundboard if it is a grand piano. 

 

 

   upright piano serial numbers                                                 grand piano serial numbers

 

 

 How do I value my piano?

 

Valuing your piano has to be the first step in selling your piano. The market value of a piano depends mainly on the interior condition, age, and how well it has been maintained.

 

However, the casework condition is also an important factor since a cabinet in good condition will be far more desirable as a piece of furniture (as well as a quality sounding instrument). Therefore, cabinet scratches, chips and fading will negatively impact a piano’s desirability and value.  

 

If your piano is a well-regarded brand, such as Kawai, Steinway or Yamaha and is less than 25 years old, then it will usually have a high value and  many potential buyers interested in purchasing.

 

With all this in mind, when you want to sell your piano, you’ll need to establish an accurate valuation based on the above, and ask potential buyers for a fair price.

 

It’s a good idea to seek help by consulting a local piano dealer or hiring a piano tuner who may already have a consignment of pianos to sell.

 

Piano dealer purchasing your piano

 

To get an honest valuation, let your local piano dealer know if you are considering selling privately. You could then also discuss with them if they would be interested in purchasing your piano themselves, and for what price.

 

 

DSCF4411

 

Piano Tuners estimating your pianos' value

 

When placing pianos for sale, another option to determine the value would be to have a piano tuner estimate your piano, but make sure the tuner is a member of the Piano Tuners Association (PTA).

 

 

piano tuners association logo

 

 

Members of the PTA are experienced piano experts, having passed a high-level tuning test and  completed general piano repairs. However, a piano tuner will usually charge you for a valuation to sell your piano: the cost can range from £100 to £250, depending on the piano tuner’s expertise and the area in which you live.

 

Selling via classifieds

 

When looking for a buyer, avoid calling someone that is advertising on Yell or in your local paper that they buy pianos.

 

They often value your piano extremely low and find as many faults as possible (many of which may not even exist) to justify their low offer. They often end up paying a fraction of the actual value of the piano. 

 

Pianos are complicated instruments with thousands of moving parts, so to accurately value a piano to sell, you would need the expertise and knowledge of someone who has been in the piano industry for many years, or has at least been on a piano tuning and repair course for between 2-3 years. Coach House Pianos has been buying, restoring and selling pianos for 35 years. 

 

Which pianos hold their value?

 

When you are selling your piano, whether to a dealer or online, how do you know which pianos hold their value? What is it based on: make, model or brand

 

Pianos are a fantastic investment for the joy of making music and providing a lifetime of playing pleasure, however, there are a few general principles that determine just how much value a piano will hold over time.

 

First of all, remember that pianos often decrease in value. In the same way as a car begins to depreciate as soon as you drive it off the forecourt of the dealership, a piano can start to depreciate as soon as it arrives in your home. 

 

They can lose as much as 20 percent in the first year alone and continue to move downward. But as the piano approaches the 10th year, the depreciation slows significantly.  

 

The piano’s value and level of depreciation depends on a variety of factors:

 

  • Brand
  • Condition of the piano
  • Current instrument market value
  • Age 

In general, grand pianos appreciate more than upright pianos. This is typically because they are more expensive in the first instance and therefore manufacturers constantly increase prices of the new equivalent model, the % increase results in a greater increase in currency amount too. For example, a 5% price increase on a grand piano of £50,000 is £2,500, whereas a 5% increase on an upright of £15,000 is only £750.

 

Higher quality pianos increase more in value than less expensive ones, with Steinways appreciating the most. However, many other piano brands can increase, or at least hold their value. 

 

Do digital pianos hold their value?

 

Digital pianos depreciate fairly quickly, especially when a new model supersedes the original. Typically, digital pianos depreciate to 78% of their value in the first year alone.

 

How much is an average piano worth?

 

The valuation of used pianos is very difficult to average, as they vary wildly. Value can depend on local supply and demand, the condition of both the interior and exterior of the piano and any restoration work that has been carried out, or that needs carrying out.

 

Value is very subjective too. Just think of those sayings: ‘Beauty is in the eye of the beholder’ or ‘One man’s trash is another man’s treasure’. Each potential buyer will have a slightly different view of your piano’s worth.

 

Being established names in the piano world, Steinway, Bechstein, Blüthner and Bösendorfer are amongst those well-regarded brands that often sell well on the used pianos market.  

 

If your piano, no matter what brand, requires expensive repairs, these will need to be accounted for when considering your asking price.

 

How much is a digital piano worth?

 

If you would like to sell your digital piano, you will find that a recognized brand, such as Yamaha Clavinova, Kawai or Roland that offer a reasonable approximation of a real piano in terms of touch and sound, will hold their value at around £300 - £1000 depending on age, model, condition etc.

 

How much is a grand piano worth?

 

Many people aspire to own a grand piano, although cost and space can be an issue when looking to purchase one for your home. So, how much can you buy a grand piano for?

 

Grand pianos come in a variety of different sizes, and in a healthy market it’s difficult to give an average price on second-hand models. A new grand piano, however, starts at £7,500 as a minimum.

 

 

John Broadwood 13111 _DSF0316

 

 

Are antique pianos worth anything?

 

In the early to mid-part of the 20th century, the piano was a fundamental part of many homes – being the main source of home entertainment. It was a substantial investment for most, and for decades, many of the pianos continued to play well and were often passed down through the family.

 

However, these days, unless there is a specific heritage or significant sentimental value, many old antique pianos are sadly not worth too much anymore.

 

In some cases, if it is a reputable name such as Steinway, Sauter or Bösendorfer, or if it is a good quality instrument that is not straight-strung (or under-damped), then it may maintain a certain amount of residual value.

 

Is my piano an antique?

 

 

The first question you may have when thinking of selling a piano is, “Is my piano an antique?

 

An antique piano is one which is at least 100 years old, but just because a piano is old does not automatically make it a high value item. In fact, many old instruments may be worth very little at all since most need extensive restoration work.

 

Older pianos are not built with tropicalised timber like all pianos are today (and those built from the 70s onwards). It’s often the wrest plank (that holds the tuning pin), that gets splits in it over time, meaning that the piano can no longer hold its tune and this is extremely costly to replace, requiring many workshop hours.

 

There is a real difference in value between a restored and well-tuned instrument and an original, unrestored antique instrument that will sell for only a fraction of their potential restored value.

 

Unfortunately, most pianos classed as antiques have little or no financial, musical, or historical value.

 

Antique pianos can be valued anywhere from nothing to tens of thousands of pounds/dollars, depending on whether the piano has significant provenance or history.

 

At Coach House Pianos, we would be happy to advise on this.

 

Pianos for sale: A fair price?

 

When it’s time to sell your piano and determine a fair asking price, remember that the more money your piano cost when it was originally purchased will be a determining factor in how much it is worth today.

 

Brands, such as Steinway, Fazioli, Bösendorfer, Shigeru Kawai and Sauter are all potentially more valuable than many lesser-known brands.

 

While researching a piano for its antique value or asking price, it’s important to discover any information possible about the piano, including the age and date of manufacture.

 

Add your piano details to a piano database

 

 

There are research databases dedicated to the cataloguing of pianos made before 1860. Pierce Piano Atlas is a reasonably accurate tool for identifying piano makers and their years of activity. They list dates of manufacture by serial number for hundreds of brands of modern and near-modern pianos.

 

Unfortunately, most of the piano makers listed will no longer be in business, which means there’s rarely a way to verify details any more, other than the piano’s approximate age.

 

Steinway, however, has kept very good records of its own instruments and if you have a Steinway serial number, its year of manufacture can be obtained from the factory. Alternatively, you can use the extensive list of Steinway serial numbers we have collated.

 

 

View Steinway Serial Numbers

 

Part exchange your piano

 

If you are finding it difficult to sell your piano, part exchange may be a good option if you are looking to upgrade. A part exchange means a quick sale and means you can change your piano without the stress of trying to sell it yourself.

 

 

edited dan and dorian DSCF8178

 

 

 

 

Sell your piano

 

There are many details to consider when looking to sell your piano and find a suitable buyer; having realistic expectations is important, as well as gaining knowledge of what is fair and accurate.

 

When corresponding with piano dealers be mindful of those that offer to sell a piano on your behalf without a guaranteed underwritten purchase price.

 

It is also important to be wary of selling at auction since auctioneers often overestimate the value of a piano simply to get it into their auction. You are also likely to lose around 30-40% of the piano’s sale value straight away at auction due to the commission fees of both the seller and the purchaser. Furthermore, if your instrument doesn’t sell you will have to deal with the transportation back home and all the costs that entails.

 

Being as well informed as possible, and picking up tips from this article, will help you get the best possible price for your piano and, hopefully help when you are selling a piano and saying goodbye to what might have been a long-standing friend in your home.

 

 

Obtain a fair purchase offer

 

 

Comments
Piano Buyers Guide Image

NEED HELP FINDING YOUR NEW PIANO?

DOWNLOAD OUR FREE PIANO BUYING GUIDE

35 YEARS WORTH OF UNBIASED INFORMATION COMPILED FROM PIANO TECHNICIANS, PIANOS TUNERS AND PIANO ADVISERS

download your free guide

We promise that we won't SPAM you.