Steinway & Sons is one of the most prestigious names in the world of pianos. Known for their exceptional craftsmanship and rich sound, Steinway grand pianos are highly sought after by musicians, collectors, and music lovers. If you’re considering buying a used Steinway grand piano, you may wonder how much it will cost. In this article, we will explore the factors that influence the price of used Steinway grand pianos, the various models available, and tips for purchasing one.
Understanding Steinway Grand Pianos
Before diving into pricing, it’s essential to understand what makes Steinway grand pianos special. Founded in 1853, Steinway & Sons has built a reputation for creating high-quality pianos. Each Steinway piano is handcrafted, which contributes to its unique sound and character. The company offers several models of grand pianos, each with its own features and price range.
The Different Models
Steinway produces several models of grand pianos, including:
Model S: This is the smallest Steinway grand piano, measuring 5’1″ (155 cm). It is ideal for small spaces and is often favored by home pianists.
Model M: Slightly larger than the Model S, the Model M measures 5’7″ (170 cm). It offers a fuller sound and is popular among both home players and professionals.
Model L: This model is 5’10” (178 cm) long. It is often used in small concert settings and offers a rich tone.
Model B: At 6’11” (211 cm), the Model B is a favorite among concert pianists. It delivers powerful sound and exceptional tonal quality.
Model D: The largest Steinway grand piano, the Model D measures 8’11” (274 cm). It is the standard for concert halls and is known for its incredible sound projection and depth.
Each model has its unique characteristics, which can affect its price. Generally, larger models tend to be more expensive due to their size and the quality of sound they produce.
Factors Influencing the Price of Used Steinway Grand Pianos
When considering the price of a used Steinway grand piano, several factors come into play:
1. Age of the Piano
The age of a Steinway piano can significantly impact its price. Older pianos may be less expensive, but their condition is crucial. A well-maintained vintage Steinway can be worth more than a newer model that has not been cared for properly. On average, a Steinway grand piano can last for 50 years or more with proper maintenance.
2. Condition
The condition of the piano is perhaps the most critical factor affecting its price. A used Steinway that has been regularly tuned and maintained will command a higher price than one that has been neglected. Buyers should look for signs of wear, such as:
Tuning stability: Has the piano been tuned regularly?
Action: Do the keys respond well when played?
Sound quality: Is the tone rich and clear, or does it sound dull?
Physical damage: Are there scratches, dents, or other visible issues?
3. Model and Size
As mentioned earlier, the model and size of the piano play a significant role in determining its price. Generally, larger models like the Model D are more expensive than smaller ones like the Model S. The demand for specific models can also influence pricing. For example, the Model B is highly sought after for its balance of size and sound quality, which can drive up its price.
4. Historical Value
Some Steinway pianos have historical significance, such as those owned by famous musicians or used in notable performances. These pianos can be worth significantly more due to their provenance. If a piano has a unique story or background, it may attract collectors willing to pay a premium.
5. Market Demand
The overall demand for Steinway pianos can fluctuate based on trends in the music industry. If more people are looking to buy pianos, prices may rise. Conversely, if demand decreases, prices may drop. It’s essential to keep an eye on market trends when considering a purchase.
6. Location
Where you purchase the piano can also affect its price. In larger cities, where demand is higher, prices may be elevated. In contrast, smaller towns may offer more competitive pricing. Additionally, shipping costs can be a factor if you are buying from a distant location.
Average Prices for Used Steinway Grand Pianos
Now that we understand the factors influencing the price, let’s look at some average price ranges for used Steinway grand pianos:
Model S: Prices typically range from $20,000 to $40,000, depending on the age and condition. Some well-maintained models may even exceed this range.
Model M: Expect to pay between $25,000 and $50,000. Again, the condition and maintenance history play a significant role in determining the exact price.
Model L: Prices for the Model L generally range from $30,000 to $60,000. This model’s popularity among both home players and professionals can drive up demand.
Model B: The Model B usually costs between $50,000 and $80,000. This model is favored by many concert pianists, which can increase its value.
Model D: Prices for the Model D can range from $80,000 to over $150,000, depending on its age and condition. This model is the standard for concert halls and is highly sought after.
These price ranges are averages and can vary based on the specific piano’s condition, location, and market demand.
Where to Buy Used Steinway Grand Pianos
If you are considering purchasing a used Steinway grand piano, there are several places to look:
1. Piano Dealers
Authorized Steinway dealers often have a selection of used Steinway pianos. These dealers typically inspect and refurbish the pianos before selling them, ensuring they are in good condition. Buying from a dealer can provide peace of mind, as they often offer warranties or guarantees.
2. Online Marketplaces
Websites like Craigslist, eBay, and Reverb offer a wide range of used Steinway pianos. While these platforms can provide good deals, it’s essential to exercise caution. Always ask for detailed information and photos, and if possible, arrange to see the piano in person before making a purchase.
3. Auctions
Piano auctions can be an excellent place to find used Steinway grand pianos. These events often feature a range of instruments, and you may find a good deal. However, be prepared for the competitive nature of auctions and set a budget before bidding.
4. Local Music Stores
Some local music stores may carry used Steinway pianos. These stores often have knowledgeable staff who can help you find the right instrument and provide insights into its condition.
5. Piano Technicians
Piano technicians may know of used Steinway pianos for sale or can help you sell your piano. They can also offer valuable advice on what to look for when buying a used piano.
Tips for Buying a Used Steinway Grand Piano
If you decide to purchase a used Steinway grand piano, here are some tips to help you make a wise investment:
1. Do Your Research
Before you start shopping, research the different Steinway models and their price ranges. Familiarize yourself with the features and specifications that matter to you.
2. Inspect the Piano
Whenever possible, inspect the piano in person. Look for signs of wear and damage, and play the keys to assess their responsiveness. If you are not confident in your ability to evaluate the piano, consider bringing along a piano technician for a professional assessment.
3. Ask About Maintenance History
Inquire about the piano’s maintenance history. Has it been regularly tuned? Were any repairs made? A well-maintained piano is more likely to provide a better playing experience.
4. Consider the Sound
Play the piano and listen to its sound. Does it have a rich, full tone? Are there any strange noises? The sound quality is one of the most critical factors in your decision.
5. Be Prepared to Negotiate
When buying a used piano, be open to negotiation. If you notice any issues or if the piano is not in perfect condition, use this information to negotiate a better price.
6. Set a Budget
Determine your budget before shopping. This will help you narrow down your options and avoid overspending. Remember to factor in any potential repair costs.
7. Think Long-Term
Consider how the piano will fit into your long-term musical goals. Are you a beginner looking for a quality instrument, or are you a professional musician seeking a performance-grade piano? Your needs will influence your choice.
Conclusion
Buying a used Steinway grand piano can be a rewarding investment for musicians and music lovers alike. While prices can vary widely based on several factors, understanding these variables will help you make an informed decision.
With proper research, inspection, and consideration of your musical needs, you can find a used Steinway grand piano that fits your budget and brings joy to your musical journey. Whether you are playing for pleasure or performance, a Steinway piano can provide a rich and fulfilling experience.
