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How much do used pianos sell for?

How much do used pianos sell for
Published: 7 September 2022
Noah Markson

There is a misconception that a used piano loses all of its value over time.

However, the huge market for secondhand pianos, whether that’s parents hoping to encourage their child to try a new hobby without breaking the bank or pianists seeking a low-cost way to upgrade their existing instrument, is proof the opposite is true.

At Markson Pianos, we believe in extending a piano’s life through regular maintenance and careful restoration, which is why we regularly buy and sell used grand and upright pianos.

When you see a used piano for sale, how do you know it’s worth buying?

Are old pianos worth anything?

The value of an old or used piano depends on several factors, not least its condition. The make and model matters too.

A piano that has been properly cared for, including regular tunings, is always likely to be worth more than one that has been left to gather dust.

We recommend asking a suitably qualified and experience valuer to assess what your instrument is worth.

Do pianos increase in value?

Occassionally, they do. However, a general rule of thumb is that a piano’s value depreciates over time.

Some brands do so faster than others.

In the first year alone, most pianos are estimated to decrease in value by between 70 and 80 per cent.

How much is a good used piano?

If a model is described as a ‘good used piano for sale’, then it will usually be in good working condition. It may have been restored, and in most cases will be from a recognised manufacturer.

For this type of piano, you should expect prices to start at around £2,000.

To see examples in Markson’s range, see the Pre-Owned Upright Pianos and Pre-Owned Grand Pianos pages on our website.

How much should I sell for my piano for?

There is no set price if you have a secondhand piano for sale because every model is different.

However, as a guide, we recommend that you spend a little time researching the price tags attached to similar models to establish a general idea.

Asking for the verdict of a valuer will allow you to decide on an accurate figure. They will also advise you on any internal or cosmetic work that could increase your instrument’s value.

Where can I sell my piano near me?

If you are looking to sell your used model, look no further than Markson Pianos.

Our team is happy to guide you through the process, and will supply a quote after gathering the appropriate details – for example, the manufacturer, finish, case style, age and serial number of your piano – and examining its condition.

If you are happy with the price, we can arrange for one of our piano transporters to collect it.

We understand the importance of a quick and easy sale, so if you would like to find out more, feel free to visit our dedicated Buy My Piano page, or you can email us with photos of your piano at buymypiano@marksonpianos.com