Welcome to the Piano World Piano Forums
Over 2.7 million posts about pianos, digital pianos, and all types of keyboard instruments
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

SEARCH
Piano Forums & Piano World
(ad)
Piano Life Saver - Dampp Chaser
Dampp Chaser Piano Life Saver
What's Hot!!
Mr. PianoWorld - the full interview
-------------------
European Tour for Piano Lovers
JOIN US FOR THE TOUR!
--------------------
Posting Pictures on the Forums
-------------------
Forums RULES & HELP
-------------------
ADVERTISE on Piano World
Find a Professional
Our Classified Ads
Find Piano Professionals-

*Piano Dealers - Piano Stores
*Piano Tuners
*Piano Teachers
*Piano Movers
*Piano Restorations
*Piano Manufacturers

Advertise on Piano World

(ad)
Piano Buyer Guide
Piano Buyer Spring 2018
ad
Pierce Piano Atlas


Who's Online Now
49 registered members (barbaram, Agent88, Beemer, EssBrace, EVC2017, Angelos58, CharlesXX, ALEXANDER DYKER, ahinton, 9 invisible), 1,270 guests, and 7 spiders.
Key: Admin, Global Mod, Mod
(ad)
Estonia Pianos
Estonia Pianos
Quick Links to Useful Piano & Music Resources
Quick Links:
*Advertise On Piano World
*Free Piano Newsletter
*Online Piano Recitals
*Piano Recitals Index
*Piano & Music Accessories
*Live Piano Venues
*Music School Listings
* Buying a Piano
*Buying A Acoustic Piano
*Buying a Digital Piano
*Pianos for Sale
*Sell Your Piano
*How Old is My Piano?
*Directory/Site Map
*Virtual Piano
*Music Word Search
*Piano Videos
*Virtual Piano Chords & Scales
Previous Thread
Next Thread
Print Thread
Page 1 of 2 1 2
What does a brand new Steinway & Sons model D or B cost??? #1547515
10/31/10 07:44 AM
10/31/10 07:44 AM
Joined: Oct 2010
Posts: 52
Banned Permanently
K
KB7 Offline OP
Full Member
KB7  Offline OP
Full Member
K

Joined: Oct 2010
Posts: 52
Banned Permanently
Hello. How much is s brand new Steinway D or B???? I would like prices for both. Thanks.

Piano & Music Gifts & Accessories (570)
Piano accessories and music gift items
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1547557
10/31/10 09:23 AM
10/31/10 09:23 AM
Joined: Oct 2005
Posts: 3,755
England/Switzerland
AJB Offline
3000 Post Club Member
AJB  Offline
3000 Post Club Member

Joined: Oct 2005
Posts: 3,755
England/Switzerland
Ask your local Steinway dealer - it's not a secret.


Currently playing 2017 C212 with carbon fibre soundboard, WNG action. Working on Bach, Beethoven, Grieg mainly.
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1547560
10/31/10 09:25 AM
10/31/10 09:25 AM
Joined: May 2001
Posts: 10,941
Maryland/DC/No. VA
Steve Cohen Offline
Yikes! 10000 Post Club Member
Steve Cohen  Offline
Yikes! 10000 Post Club Member

Joined: May 2001
Posts: 10,941
Maryland/DC/No. VA
Prices are detailed in Piano Buyer. Link is in the left-hand column on this page.


Piano Industry Consultant- http://www.linkedin.com/pub/steve-cohen/6/b92/b80

Consultant & Contributing Editor - Acoustic & Digital Piano Buyer

Jasons Music
Maryland/DC/No. VA
Since 1937.

www.jasonsmusic.com
My postings, unless stated otherwise, are my personal opinions, not those of my clients.
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1547581
10/31/10 10:15 AM
10/31/10 10:15 AM
Joined: Mar 2010
Posts: 814
Richmond, Virginia
I
itsfreakingmeout Offline
500 Post Club Member
itsfreakingmeout  Offline
500 Post Club Member
I

Joined: Mar 2010
Posts: 814
Richmond, Virginia
A satin ebony B's MSRP is 81,200, and a satin ebony D's MSRP is 123,800.

Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1547686
10/31/10 01:13 PM
10/31/10 01:13 PM
Joined: Oct 2010
Posts: 128
Chandler Arizona
K
Kraver Offline
Full Member
Kraver  Offline
Full Member
K

Joined: Oct 2010
Posts: 128
Chandler Arizona
Hint: Steinway does not like to sell under MSRP. If you want a "whole" 10% discount, look for a Steinway dealer going out of business. This was the case a month ago for Steinway of Phoenix where I live. For additional savings, buy out of state so you can dodge sales tax.

Where ever you buy, make sure actually play the piano you are going to buy. According to non-Steinway dealers, New York Steinway's are notorious for there variance. You would not believe how much high end piano dealers throw digs at their competition. It appears to be the same in the high end car industry.

Better yet, fly to the factory or the alleged Kentucky storeroom that allegedly has 2000 Steinways waiting for buyers and pick one out. Not sure what the sales tax consequences would be.

In this day and age of the internet, all piano dealers need to get a thicker skin when it comes to the actual street prices of pianos. Add a recession and I hate to tell you, but the prices are down. Period. Or the pianos are not selling. Period. Heaven forbid that someone actually hint at the Street price of a piano.

Damn, that felt good to get off my chest. You want a rant, just point me at the subject.

[Linked Image]

[Linked Image]

No secrets were divulged in the editing of this post.



Last edited by Kraver; 11/01/10 06:46 PM. Reason: Added images

-- Chuck
Chandler AZ

1918 Steinway Grand W1597 192692 w/o the player (6' 2" case 5' 7" M length strings) (piano loft)
1975 Yamaha Upright 48" U1H 1948237 (piano room)
2008 Bosendorfer Imperial 290 48852 (great room)
1912 Moutrie Upright/Coffin 113 11709(if 10000@1910 & 75/mo built)(Shanghai condo)
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Kraver] #1547755
10/31/10 03:07 PM
10/31/10 03:07 PM
Joined: May 2005
Posts: 8,962
Phoenix, Arizona
Carey Offline
8000 Post Club Member
Carey  Offline
8000 Post Club Member

Joined: May 2005
Posts: 8,962
Phoenix, Arizona
Originally Posted by Kraver
Hint: Steinway does not like to sell under MSRP. If you want a "whole" 10% discount, look for a Steinway dealer going out of business. This was the case a month ago for Steinway of Phoenix where I live.


Heck - they weren't even offering 10% off !!! It was more like 7% on the new B's.


Mason and Hamlin BB - 91640
Kawai K-500 Upright
Kawai CA-65 Digital
YouTube channel - http://www.youtube.com/user/pianophilo
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1547806
10/31/10 04:20 PM
10/31/10 04:20 PM
Joined: Jul 2004
Posts: 6,387
Vught, The Netherlands
Dave Horne Offline
6000 Post Club Member
Dave Horne  Offline
6000 Post Club Member

Joined: Jul 2004
Posts: 6,387
Vught, The Netherlands
What's the markup of a typical Steinway grand that sells for in excess of $80,000?


website | mp3 files | Yamaha AvantGrand N3 | Roland RD 2000 | Sennheiser HD 598 headphones
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Dave Horne] #1547814
10/31/10 04:30 PM
10/31/10 04:30 PM
Joined: Feb 2007
Posts: 3,946
Banned
T
theJourney Offline
3000 Post Club Member
theJourney  Offline
3000 Post Club Member
T

Joined: Feb 2007
Posts: 3,946
Banned
Originally Posted by Dave Horne
What's the markup of a typical Steinway grand that sells for in excess of $80,000?


A Steinway that lists for $80.000, represents as much as $50.000, in markup.

Re: What does a brand new Steinway & Sons model D or B cost? [Re: theJourney] #1548322
11/01/10 10:04 AM
11/01/10 10:04 AM
Joined: Jun 2008
Posts: 2,900
SoCal
Plowboy Offline

2000 Post Club Member
Plowboy  Offline

2000 Post Club Member

Joined: Jun 2008
Posts: 2,900
SoCal
Originally Posted by theJourney
Originally Posted by Dave Horne
What's the markup of a typical Steinway grand that sells for in excess of $80,000?


A Steinway that lists for $80.000, represents as much as $50.000, in markup.


It's no wonder Ori hates Steinway so much. He must seethe all the way to the bank.


Gary
Essex EUP-111 at the mountains
W. Hoffmann T-122 at the beach
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: theJourney] #1548383
11/01/10 11:29 AM
11/01/10 11:29 AM
Joined: Mar 2003
Posts: 3,928
Gaithersburg, MD (Washington D...
K
Keith D Kerman Online content
3000 Post Club Member
Keith D Kerman  Online Content
3000 Post Club Member
K

Joined: Mar 2003
Posts: 3,928
Gaithersburg, MD (Washington D...
Originally Posted by theJourney
Originally Posted by Dave Horne
What's the markup of a typical Steinway grand that sells for in excess of $80,000?


A Steinway that lists for $80.000, represents as much as $50.000, in markup.


You sure about this? If so, can you back it up? I'm genuinely interested.


Keith D Kerman
PianoCraft
Rebuilding & Sales - vintage and used Steinway, Mason & Hamlin
New Steingraeber, Estonia, Baldwin
www.pianocraft.net
check out http://sitkadoc.com/
www.twitter.com/pianocraft https://www.youtube.com/user/pianocraftchannel

keith@pianocraft.net 888-840-5460
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: theJourney] #1548389
11/01/10 11:37 AM
11/01/10 11:37 AM
Joined: Dec 2001
Posts: 1,651
Delaware (slower/lower)
Ralph Offline
1000 Post Club Member
Ralph  Offline
1000 Post Club Member

Joined: Dec 2001
Posts: 1,651
Delaware (slower/lower)
Originally Posted by theJourney
Originally Posted by Dave Horne
What's the markup of a typical Steinway grand that sells for in excess of $80,000?


A Steinway that lists for $80.000, represents as much as $50.000, in markup.


If thats the case then I need to buy some Steinway stock right now.


Do or do not. There is no try.
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1548663
11/01/10 05:20 PM
11/01/10 05:20 PM
Joined: Sep 2010
Posts: 89
CA, USA
M
mautique Offline
Full Member
mautique  Offline
Full Member
M

Joined: Sep 2010
Posts: 89
CA, USA
Here is what the Steinway management said to investors during a Security Conference Call January this year:

Gross margins for New York Model B Ebony
– Normal wholesale margin ≈ 33%
– Retail margin ≈ 52%
– Retail margin from manufactured cost ≈ 68%

With a current list price of $81,200 for a B, you guys can figure out the mark up. I bought my new B three months ago at very close to the list price, did not really get much of a discount even in this economy downturn.


2010 Steinway B #586826
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Carey] #1548719
11/01/10 06:28 PM
11/01/10 06:28 PM
Joined: Oct 2010
Posts: 128
Chandler Arizona
K
Kraver Offline
Full Member
Kraver  Offline
Full Member
K

Joined: Oct 2010
Posts: 128
Chandler Arizona
Originally Posted by carey
Originally Posted by Kraver
Hint: Steinway does not like to sell under MSRP. If you want a "whole" 10% discount, look for a Steinway dealer going out of business. This was the case a month ago for Steinway of Phoenix where I live.


Heck - they weren't even offering 10% off !!! It was more like 7% on the new B's.


My bad, it was exactly 7%. I did not do the math.

New Steinway B on sales for 7% discount (75516/81200) = 93%. SN 585055

[Linked Image]



-- Chuck
Chandler AZ

1918 Steinway Grand W1597 192692 w/o the player (6' 2" case 5' 7" M length strings) (piano loft)
1975 Yamaha Upright 48" U1H 1948237 (piano room)
2008 Bosendorfer Imperial 290 48852 (great room)
1912 Moutrie Upright/Coffin 113 11709(if 10000@1910 & 75/mo built)(Shanghai condo)
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1548750
11/01/10 07:06 PM
11/01/10 07:06 PM
Joined: Mar 2010
Posts: 814
Richmond, Virginia
I
itsfreakingmeout Offline
500 Post Club Member
itsfreakingmeout  Offline
500 Post Club Member
I

Joined: Mar 2010
Posts: 814
Richmond, Virginia
maybe they'll have a christmas sale

Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Kraver] #1548765
11/01/10 07:26 PM
11/01/10 07:26 PM
Joined: Sep 2010
Posts: 89
CA, USA
M
mautique Offline
Full Member
mautique  Offline
Full Member
M

Joined: Sep 2010
Posts: 89
CA, USA
Wish I could have gotten that 7% discount cry
Since I love the tone and touch of my B, well just have to get over how much I might have been able to save on another one...


2010 Steinway B #586826
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: mautique] #1548797
11/01/10 07:55 PM
11/01/10 07:55 PM
Joined: Oct 2010
Posts: 128
Chandler Arizona
K
Kraver Offline
Full Member
Kraver  Offline
Full Member
K

Joined: Oct 2010
Posts: 128
Chandler Arizona
Were you able to avoid sales tax by purchasing out of state?


-- Chuck
Chandler AZ

1918 Steinway Grand W1597 192692 w/o the player (6' 2" case 5' 7" M length strings) (piano loft)
1975 Yamaha Upright 48" U1H 1948237 (piano room)
2008 Bosendorfer Imperial 290 48852 (great room)
1912 Moutrie Upright/Coffin 113 11709(if 10000@1910 & 75/mo built)(Shanghai condo)
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Kraver] #1548886
11/01/10 10:01 PM
11/01/10 10:01 PM
Joined: Sep 2010
Posts: 89
CA, USA
M
mautique Offline
Full Member
mautique  Offline
Full Member
M

Joined: Sep 2010
Posts: 89
CA, USA
No, I purchased the B from my local dealer. Got to admit that saving some $$ was not really high on my mind at the time. I have been trying quite a lot of As and Bs for about 18 months and could not find one that I was very happy with. So when I finally found the right one (and the dealer knew that I love the piano), there was not much room for negotiation. I guess I listened to my heart and not my head. So I did not get a great deal in terms of $ spent but I did find a very lovely piano.

Last edited by mautique; 11/01/10 10:02 PM.

2010 Steinway B #586826
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: mautique] #1548913
11/01/10 10:48 PM
11/01/10 10:48 PM
Joined: Apr 2010
Posts: 1,918
Michigan
K
kpembrook Offline
Platinum Subscriber
kpembrook  Offline
Platinum Subscriber
K

Joined: Apr 2010
Posts: 1,918
Michigan
Originally Posted by mautique
Here is what the Steinway management said to investors during a Security Conference Call January this year:

Gross margins for New York Model B Ebony
– Normal wholesale margin ≈ 33%
– Retail margin ≈ 52%
– Retail margin from manufactured cost ≈ 68%

With a current list price of $81,200 for a B, you guys can figure out the mark up. I bought my new B three months ago at very close to the list price, did not really get much of a discount even in this economy downturn.


But the math needs to be done in reality. The dealer markup is not the total markup from factory. Also, there is a difference between margin and markup.

Anyway, clearly it is not too high because there should be enough to keep the factory going and for the dealer to pay their employees and make something on top. With dealers going out of business, clearly piano dealers -- even Steinway dealers -- are not sitting on top of a gusher oil well.

(disclosure -- when I was in piano retail, S&S was my competition.)


Keith Akins, RPT
Piano Technologist
USA Distributor for Isaac Cadenza hammers and Profundo Bass Strings
Supporting Piano Owners D-I-Y piano tuning and repair
Editor Emeritus, Piano Technicians Journal
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Kraver] #1548917
11/01/10 10:54 PM
11/01/10 10:54 PM
Joined: Nov 2004
Posts: 2,786
Ann Arbor, MI
jazzyprof Offline
2000 Post Club Member
jazzyprof  Offline
2000 Post Club Member

Joined: Nov 2004
Posts: 2,786
Ann Arbor, MI
Originally Posted by Kraver
Were you able to avoid sales tax by purchasing out of state?

I hate to be the bearer of bad news. frown
If you purchase a taxable item out of state and have it delivered to your home state you are still liable for a "use tax" payable to your home state. So do not casually mention your recent out of state purchase at the annual Governor's ball. smile


"Playing the piano is my greatest joy...period."......JP
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: jazzyprof] #1548919
11/01/10 10:57 PM
11/01/10 10:57 PM
Joined: Oct 2010
Posts: 128
Chandler Arizona
K
Kraver Offline
Full Member
Kraver  Offline
Full Member
K

Joined: Oct 2010
Posts: 128
Chandler Arizona
Originally Posted by jazzyprof
Originally Posted by Kraver
Were you able to avoid sales tax by purchasing out of state?

I hate to be the bearer of bad news. frown
If you purchase a taxable item out of state and have it delivered to your home state you are still liable for a "use tax" payable to your home state. So do not casually mention your recent out of state purchase at the annual Governor's ball. smile


Then what is up with buying things on Amazon.com and not paying sales tax?


-- Chuck
Chandler AZ

1918 Steinway Grand W1597 192692 w/o the player (6' 2" case 5' 7" M length strings) (piano loft)
1975 Yamaha Upright 48" U1H 1948237 (piano room)
2008 Bosendorfer Imperial 290 48852 (great room)
1912 Moutrie Upright/Coffin 113 11709(if 10000@1910 & 75/mo built)(Shanghai condo)
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1548925
11/01/10 11:04 PM
11/01/10 11:04 PM
Joined: Jun 2003
Posts: 26,694
Oakland
B
BDB Offline
Yikes! 10000 Post Club Member
BDB  Offline
Yikes! 10000 Post Club Member
B

Joined: Jun 2003
Posts: 26,694
Oakland
States that have sales tax have use tax. If the dealer does not pay sales tax, you are supposed to pay use tax. A dealer who pays sales tax has the right to collect it from the buyer.


Semipro Tech
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Kraver] #1548927
11/01/10 11:06 PM
11/01/10 11:06 PM
Joined: Nov 2004
Posts: 2,786
Ann Arbor, MI
jazzyprof Offline
2000 Post Club Member
jazzyprof  Offline
2000 Post Club Member

Joined: Nov 2004
Posts: 2,786
Ann Arbor, MI
Originally Posted by Kraver
Originally Posted by jazzyprof
Originally Posted by Kraver
Were you able to avoid sales tax by purchasing out of state?

I hate to be the bearer of bad news. frown
If you purchase a taxable item out of state and have it delivered to your home state you are still liable for a "use tax" payable to your home state. So do not casually mention your recent out of state purchase at the annual Governor's ball. smile


Then what is up with buying things on Amazon.com and not paying sales tax?

Technically the buyer is still responsible for paying the use tax to his state. Of course, few people actually do, since the tax collector has no way of tracking all the online purchases you make. That is why some states are bringing lawsuits trying to force Amazon to collect sales tax.


"Playing the piano is my greatest joy...period."......JP
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1712434
07/13/11 04:01 AM
07/13/11 04:01 AM
Joined: Jul 2011
Posts: 9
phoenix, az
J
johannes1 Offline
Junior Member
johannes1  Offline
Junior Member
J

Joined: Jul 2011
Posts: 9
phoenix, az
I was told by my Steinway tech (who spent his entire career with the company) that the mark up was 100%. When I bought my M in 1985 it was priced at approx. $17,000. The owner of the store had just received the Steinway Franchise and said he was willing to match any price. I offered him $10,000, thinking he'd still be making a nice profit if he'd paid $8,500. He came back with an offer to sell to me for $11,500. I then went to my home city and approached the dealer there with this price and showed them check book in hand that I was ready to buy but would rather buy locally and he matched the price + paid for several visits by my tech to get the piano regulated and voiced the way I wanted it. (My tech went with me to check it out before I made the final purchase and of course he knew the owner well.) I still have the piano and love it and feel that a paid a fair price and the dealer made a fair profit.

Re: What does a brand new Steinway & Sons model D or B cost??? [Re: johannes1] #1712501
07/13/11 08:13 AM
07/13/11 08:13 AM
Joined: Mar 2008
Posts: 1,687
RonaldSteinway Offline
1000 Post Club Member
RonaldSteinway  Offline
1000 Post Club Member

Joined: Mar 2008
Posts: 1,687
Originally Posted by johannes1
I was told by my Steinway tech (who spent his entire career with the company) that the mark up was 100%. When I bought my M in 1985 it was priced at approx. $17,000. The owner of the store had just received the Steinway Franchise and said he was willing to match any price. I offered him $10,000, thinking he'd still be making a nice profit if he'd paid $8,500. He came back with an offer to sell to me for $11,500. I then went to my home city and approached the dealer there with this price and showed them check book in hand that I was ready to buy but would rather buy locally and he matched the price + paid for several visits by my tech to get the piano regulated and voiced the way I wanted it. (My tech went with me to check it out before I made the final purchase and of course he knew the owner well.) I still have the piano and love it and feel that a paid a fair price and the dealer made a fair profit.


Unfortunately, most people are not that fortunate, and also the Steinway fans do not work together to influence the price. People give up easily and willing to pay the MSRP.

People who buy expensive pianos are either rich and feel that they must have them so it is a passionate buying. Both ways are good for piano dealers....that is why they can keep their price high. People who do not money and need a functional piano to practice will be unlikely to pay MSRP. They will shop around.

Again, SS is not a commodity piano like Yamaha or Kawai.

Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1712543
07/13/11 10:00 AM
07/13/11 10:00 AM
Joined: Jan 2011
Posts: 66
Texas
M
mikf Offline
Full Member
mikf  Offline
Full Member
M

Joined: Jan 2011
Posts: 66
Texas
A lot of misunderstanding of the money made in the piano business. Gross margin is the difference beteween the basic manufacturing cost (materials labor, factory direct overheads) and the sell price from the manufacturer to the retailer. Manufacturers gross margin of 33% is not abnormally high and not equal to profit ( or earnings),because all of the general expenses of the business are still to be deducted ie marketing, R and D , engineering, accounting, finance costs ( ie debt)etc etc. So gross margins in the thirties for are about as low as you want for this kind of business to remain healthy and investable. The guy who wants to rush of and buy Steinway shares because the dealer mark ups are high is way off the mark.
Retail mark up is not going to Steinway, it goes to the retailer. It may seem high but from this the dealer has to maintain a high end store, staff, local marketing costs,invest in some very expensive stock, finance his working capital and many other costs. And he does not sell Steinways at a high rate of knots! I'm not crying for either Steinway or the dealer, but neither do I see it as a gravy train. Probably not the first place I would look to invest my hard won money.

Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1712581
07/13/11 11:10 AM
07/13/11 11:10 AM
Joined: Jul 2010
Posts: 329
California
T
Theodore Slutz Offline
Full Member
Theodore Slutz  Offline
Full Member
T

Joined: Jul 2010
Posts: 329
California
What a laugh... Steinway stores, not to mention a multitude of other businesses, are closing their doors left and right across the world and the best Steinway can do is a lousy 7% discount. That's hairy armpits crazy! Look, I don't want to think the people at the factory haven't worked hard and their efforts aren't worth anything nor the people at the sales and dealership divisions but really... 7%????

Well at least they haven't stooped to using 10 year old slave labor in China to make a profit... cuz that's what music and instruments are all about right guys?




Oh yeah... here's my p.c. disclaimer. Steinway pianos are awesome, and I mean it!


Charles Walter Model W (190)


“The aim and final end of all music should be none other than the glory of God and the refreshment of the soul.” J.S. Bach


"I just want to know, if we came from monkeys and apes, WHY DO WE STILL HAVE MONKEYS AND APES?" George Carlin
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Theodore Slutz] #1712590
07/13/11 11:27 AM
07/13/11 11:27 AM
Joined: May 2001
Posts: 10,941
Maryland/DC/No. VA
Steve Cohen Offline
Yikes! 10000 Post Club Member
Steve Cohen  Offline
Yikes! 10000 Post Club Member

Joined: May 2001
Posts: 10,941
Maryland/DC/No. VA
Originally Posted by Theodore Slutz
What a laugh... Steinway stores, not to mention a multitude of other businesses, are closing their doors left and right across the world and the best Steinway can do is a lousy 7% discount. That's hairy armpits crazy! Look, I don't want to think the people at the factory haven't worked hard and their efforts aren't worth anything nor the people at the sales and dealership divisions but really... 7%????

Well at least they haven't stooped to using 10 year old slave labor in China to make a profit... cuz that's what music and instruments are all about right guys?


Oh yeah... here's my p.c. disclaimer. Steinway pianos are awesome, and I mean it!


Your opinions are interesting in that they have nothing to do with the real reasons for margin. The cost of simply keeping a showroom open, base on long-time industry averages is ~40% of the selling price.

Retailer have to pay rent, payroll, advertising, cost of tuning, etc. in ordre to do business. Add to that the cost of maintaining a $500,000 - $1,500,000 inventory and provide for a return on the dealers investment.

The reason so many dealers are closing their doors isn't that they have too high a mark-up. It is because their simply aren't enough current buyers to pay the overhead.


Piano Industry Consultant- http://www.linkedin.com/pub/steve-cohen/6/b92/b80

Consultant & Contributing Editor - Acoustic & Digital Piano Buyer

Jasons Music
Maryland/DC/No. VA
Since 1937.

www.jasonsmusic.com
My postings, unless stated otherwise, are my personal opinions, not those of my clients.
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1712614
07/13/11 12:00 PM
07/13/11 12:00 PM
Joined: Jul 2010
Posts: 329
California
T
Theodore Slutz Offline
Full Member
Theodore Slutz  Offline
Full Member
T

Joined: Jul 2010
Posts: 329
California
Understood... and i am not a Marxist with a lack of an education or appreciation of what it takes to run a business, i am a small business owner myself.

but there are smarter ways to keep companies like Steinway alive.

For instance finance incentives like 10% off or more and use that credit as a margin for reduction or elimination for a down payment based on the appraised new value. Get more companies involved in financing or do factory financing... obviously this applies to all makers not just Steinway.

At least in america there should be a lobby that involves congress to urge or give incentives to banks to loan to consumers under preservation of the arts programs.

Come on, if we can support over 900 military bases worldwide and spend trillions on unconstitutional wars we can help a family get a steinway, schimmel, yamaha.... to enrich our civilization.


Charles Walter Model W (190)


“The aim and final end of all music should be none other than the glory of God and the refreshment of the soul.” J.S. Bach


"I just want to know, if we came from monkeys and apes, WHY DO WE STILL HAVE MONKEYS AND APES?" George Carlin
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: Theodore Slutz] #1712632
07/13/11 12:31 PM
07/13/11 12:31 PM
Joined: Feb 2010
Posts: 1,524
Nashville, Tennessee
PianoZac Offline
1000 Post Club Member
PianoZac  Offline
1000 Post Club Member

Joined: Feb 2010
Posts: 1,524
Nashville, Tennessee
Originally Posted by Theodore Slutz
Understood... and i am not a Marxist with a lack of an education or appreciation of what it takes to run a business, i am a small business owner myself.

but there are smarter ways to keep companies like Steinway alive.

For instance finance incentives like 10% off or more and use that credit as a margin for reduction or elimination for a down payment based on the appraised new value. Get more companies involved in financing or do factory financing... obviously this applies to all makers not just Steinway.

At least in america there should be a lobby that involves congress to urge or give incentives to banks to loan to consumers under preservation of the arts programs.

Come on, if we can support over 900 military bases worldwide and spend trillions on unconstitutional wars we can help a family get a steinway, schimmel, yamaha.... to enrich our civilization.




As much as I'd love to see more acoustic pianos sold, the bottom line is that the closer digital pianos get (in the eyes of the general public) to an acoustic, the less acoustics sold because most people feel they can get close to an acoustic at a fraction of the cost. It's almost a catch 22. The Yamaha place where I'm buying my AvantGrand N1 probably only sells a couple grand pianos a month at best, but they sell tons of DPs.

I commend Steinway for not using cheap labor to bring down their cost, and instead continue sell a fine piano that keeps them in business. I'm buying my AvantGrand N1 for higher than I could buy it elsewhere, and the sales tax here is steep- 9.25%, but I know in doing so, I'm helping to keep the doors open at a place that can service the piano, and is there for me to shop at in the first place.

Last edited by Ken Knapp; 07/13/11 03:45 PM. Reason: Politics removed. This is not the place for it.

Kawai MP7SE
Re: What does a brand new Steinway & Sons model D or B cost??? [Re: KB7] #1712660
07/13/11 01:25 PM
07/13/11 01:25 PM
Joined: Jul 2001
Posts: 15,406
Surrey, B.C.
Norbert Offline
Yikes! 10000 Post Club Member
Norbert  Offline
Yikes! 10000 Post Club Member

Joined: Jul 2001
Posts: 15,406
Surrey, B.C.
Quote
I was told by my Steinway tech (who spent his entire career with the company) that the mark up was 100%.


Not quite, but close.

According to current price lists I happen to have...

Norbert

Last edited by Norbert; 07/13/11 01:26 PM.

www.heritagepianos.com
Greater Vancouver B.C. piano dealers for : Estonia, Brodmann, Ritmuller
604-951-8642
Page 1 of 2 1 2

Moderated by  Ken Knapp, Piano World 

(ad)
Sweetwater - Keyboards
Sweetwater
New Topics - Multiple Forums
Is Kawai CN37 Worth The Extra Money?
by yarinch. 11/15/18 04:05 AM
Brodmann PE 121 vs. Kawai K300
by Timpskie. 11/15/18 12:20 AM
Recital 52 --- General Discussion Room
by AB Forum Recital. 11/14/18 10:44 PM
Recital 52 --- November 15, 2018
by AB Forum Recital. 11/14/18 09:06 PM
DIGITAL PIANO "SECONDS WAITED"
by ericco. 11/14/18 06:15 PM
(ad)
Pianoteq
PianoTeq Petrof
Forum Statistics
Forums40
Topics188,338
Posts2,761,224
Members91,490
Most Online15,252
Mar 21st, 2010
(ad)
Accu-Tuner
Sanderson Accu-Tuner
Please Support Our Advertisers
Dampp Chaser Piano Life Saver

Sweetwater

PianoTeq Petrof
Piano Buyer Spring 2018
Visit our online store for gifts for music lovers


 
Help keep the forums up and running with a donation, any amount is appreciated!
Or by becoming a Subscribing member! Thank-you.
Donate   Subscribe
 
Our Piano Related Classified Ads
| Dealers | Tuners | Lessons | Movers | Restorations | Pianos For Sale | Sell Your Piano |

Advertise on Piano World
| Subscribe | Piano World | PianoSupplies.com | Advertise on Piano World |
| |Contact | Privacy | Legal | About Us | Site Map | Free Newsletter |


copyright 1997 - 2018 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission
Powered by UBB.threads™ PHP Forum Software 7.6.2