How do I find out how much a piano is worth?

Appraisers of used pianos and other consumer goods typically use three different methods to determine fair market value: comparable sales, depreciation, and idealized value minus the cost of restoration.

How much do pianos depreciate?

Pianos typically depreciate to 78\% of their value in the first year alone. After this, you can see it slowly continues to decline for 20 years, reaching its final number of 40\% of its original value. What is this? As you can see, after the first couple of years, pianos will depreciate by about 5\% per year.

Do pianos increase in value?

From a financial perspective (excluding instruments with special historical or artistic value), pianos are a depreciating asset. They depreciate quickly for the first few years and then slowly thereafter. They may eventually appear to appreciate in value, but the appreciation is entirely due to inflation.

Where is the best place to sell a piano?

There are general classified pages like,

• Craigslist.
• Offer Up.
• Facebook Marketplace.
• Kiji.
• Ebay.

Who will buy my old piano?

The Donation Option

• Piano Finders: www.pianofinders.com.
• Piano Adoption: www.pianoadoption.com.
• Pianos for Education: www.pianosforeducation.org.
• Society of Unique Artists: www.suartists.org.
• Keys 4/4 Kids: www.keys44kids.net.

Can I restore a piano myself?

Restoring a piano is labor-intensive, but you can do it yourself with a few tools and furniture restoration supplies. It is not advisable to restore your piano by yourself if it is a valuable antique; that is better left to a professional with a high degree of expertise.

How do I get rid of an old piano?

Check to see if your local trash or junk removal service, charities, and recycling facility accepts pianos or offers piano disposal service. Schedule a pickup time with piano movers. Clear a path for the piano movers to carry the instrument through.

Do pianos hold value?

Yes, pianos depreciate over time. The amount of depreciation depends on the brand of piano, the condition of the instrument, and the current piano market. Some pianos hold their value while others appreciate over time. Every piano is different, however, there are some basic principles to determining their value.

What can I do with an old upright piano?

One way to dispose of an old piano is to donate it. However, the size of your piano and the condition that it is in plays a large role in whether or not an organizations will accept your donation. There are many places that accept piano donations, including: Nonprofit organizations.

How much does it cost to refinish a piano?

Refinishing can be anywhere from $1500-$7500+ depending on the type of piano, the condition of the piano, where the piano is located and many other things. There are lots of factors in determining a refinishing quote that can affect the cost of your quote.

How much can you sell a used piano for?

Most pianos falling into this category have a market value between $0 and $1000.