2017 was our 20th year online!

Welcome to the Piano World Piano Forums
Over 3 million posts about pianos, digital pianos, and all types of keyboard instruments. Over 100,000 members from around the world.
Join the World's Largest Community of Piano Lovers (it's free)
It's Fun to Play the Piano ... Please Pass It On!

Shop our online store for music lovers
SEARCH
Piano Forums & Piano World
(ad)
Best of Piano Buyer
 Best of Piano Buyer
(ad)
Faust Harrison Pianos
Faust Harrison 100+ Steinway pianos
(ad)
Wessell Nickel & Gross
PianoForAll
Who's Online Now
84 members (ambrozy, Bentsch, Animisha, 36251, 8ude, Abdol, Beemer, 22 invisible), 926 guests, and 579 robots.
Key: Admin, Global Mod, Mod
(ad)
Estonia Pianos
Estonia Pianos
Previous Thread
Next Thread
Print Thread
Hop To
Page 1 of 2 1 2
2006 Mason & Hamlin AA high polish ebony
#2092684 05/31/13 06:45 AM
Joined: May 2013
Posts: 8
Junior Member
OP Offline
Junior Member
Joined: May 2013
Posts: 8
Newbie here. I just found this site as I am trying to determine how much my piano is worth. Apologies if I am posting to the wrong forum.

I have a 2006 Mason & Hamlin with PianoDisc player. I recently sold my house and won't have room for this gorgeous piano. I would like to sell it on consignment but I am having a difficult time determining a fair value for the piano. Does $15K (half of what I paid) sound right?

I also would appreciate any suggestions on a reputable company to place for consignment.

Thank you,
Andie

Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092711 05/31/13 07:41 AM
Joined: Mar 2013
Posts: 305
S

Bronze Level Supporter until October 5 2014
Full Member
Offline

Bronze Level Supporter until October 5 2014
Full Member
S
Joined: Mar 2013
Posts: 305
MasonHam,

We'll need some more information about your piano, such as:

- Model (most important)
- Condition
- How well the piano is maintained

Then we can make a wild guess about its value smile.

As for a consignment, if you tell us where you live, someone from that area might be able to give some suggestions. Be aware that consignment will take about 30-50% off the sale price, so you'll take a big hit going that way.

Sorry you have to sell your piano. Mason & Hamlins tend to be very nice pianos. Are you going to get something smaller? The thought of having to sell my piano gives me panic attacks.

Good luck!

Steve


Cello, Piano, Electric Bass

1967 Baldwin SD-10 | Kawai MP11
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092715 05/31/13 07:48 AM
Joined: Nov 2009
Posts: 3,783
J
3000 Post Club Member
Online Content
3000 Post Club Member
J
Joined: Nov 2009
Posts: 3,783
Well, there are many people on this forum looking for a high quality instrument at a sensible price, isn't there a place here you can advertise your piano for sale? I'm sure you'll find a buyer from the pianoworld fraternity!

Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092780 05/31/13 09:31 AM
Joined: May 2012
Posts: 7,439

Platinum Supporter until October 5 2014
7000 Post Club Member
Offline

Platinum Supporter until October 5 2014
7000 Post Club Member
Joined: May 2012
Posts: 7,439
Hi Andie - Welcome to Piano World!

You own a very desirable piano and I'm sure you will be able to find a good home for it. There are many ways to market a piano, and consignment is only one of them. Often, this is the choice when you need to move the piano out of your home rather quickly.

Your location is a very important factor. The market in your area may be very different than in other locals. We might be able to give more specific advice if you provided that information.

When selling a very fine piano, such as yours, you might want to contact a piano technician who is experienced in providing appraisals in your market. Here is a link which might be helpful for you:

www.ptg.org

Your own tuner/technician would also be a good contact. Also, if you know any piano teachers in your area, you might contact one and it will get your piano on the 'grape vine.' Word of mouth on private sales can often do wonders.

I believe that your are underestimating the value of the instrument you own.

Please give us more info and good luck with your sale.


Marty in Minnesota

It's much easier to bash a Steinway than it is to play one.
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092785 05/31/13 09:40 AM
Joined: Jan 2006
Posts: 1,983
C
1000 Post Club Member
Offline
1000 Post Club Member
C
Joined: Jan 2006
Posts: 1,983
Quote
I have a 2006 Mason & Hamlin with PianoDisc player. I recently sold my house and won't have room for this gorgeous piano. I would like to sell it on consignment but I am having a difficult time determining a fair value for the piano. Does $15K (half of what I paid) sound right?


I'd say that, based on what you have told us already about this piano, and assuming it has been well cared for in the last 7 years, $15,000.00 would be a very fair price in ANY locale or market, especially if you were to sell it yourself, using either ebay or Craigslist.


Piano Technician/Tuner
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092790 05/31/13 09:48 AM
Joined: May 2005
Posts: 10,583
Yikes! 10000 Post Club Member
Offline
Yikes! 10000 Post Club Member
Joined: May 2005
Posts: 10,583
The MSRP of a new AA is over $70K. The OP bought his/her piano for $30K in 2006. Probably could have easily paid $35 to $40K back then. I'm guessing a reasonable starting point would be in the high 20's (if not $30K) assuming the piano is in excellent condition and has been consistently maintained. To sell for $15K would be practically giving the instrument away.


Mason and Hamlin BB - 91640
Kawai K-500 Upright
Kawai CA-65 Digital
YouTube channel - http://www.youtube.com/user/pianophilo
Re: 2006 Mason & Hamlin AA high polish ebony
Carey #2092838 05/31/13 11:03 AM
Joined: May 2001
Posts: 28,835
Yikes! 10000 Post Club Member
Online Content
Yikes! 10000 Post Club Member
Joined: May 2001
Posts: 28,835
Originally Posted by carey
The MSRP of a new AA is over $70K. The OP bought his/her piano for $30K in 2006. Probably could have easily paid $35 to $40K back then. I'm guessing a reasonable starting point would be in the high 20's (if not $30K) assuming the piano is in excellent condition and has been consistently maintained. To sell for $15K would be practically giving the instrument away.
I agree with everything except that the MSRP at any point in time is not really relevant. The present SMP is of some relevance.

I also think it's reasonable to assume the piano is in good condition unless it has been abused. If the piano was just reasonably prepped by the dealer, not played 6 hours/ day, not exposed to unduly harsh environmental conditions, and tuned at least once/year, a seven year old piano would generally be in good condition. I would use the Fine depreciation schedule together with price comparisons from local markets and PianoMart as a guideline.

With current SMP of around 59K, with a 30% disocunt this gives a current selling price(without player)of around 40K. That would give a value of around 2/3 x 40K= 26K, interpolating from the Fine depreciation table. All this without including the value of the player system.

Since the Fine tables do not and cannot possibly include things like economic condition at the time of first or second sale or local market conditions, all of these have to be factored in somehow. But unless local prices for similar used pianos are as low as 15K, I would start out by pricing the piano considerably higher than that amount. I think the OP got an extremely good price on his original purchase but he doesn't have to factor that into his present asking price.

Last edited by pianoloverus; 05/31/13 11:23 AM.
Re: 2006 Mason & Hamlin AA high polish ebony
pianoloverus #2092848 05/31/13 11:14 AM
Joined: May 2012
Posts: 7,439

Platinum Supporter until October 5 2014
7000 Post Club Member
Offline

Platinum Supporter until October 5 2014
7000 Post Club Member
Joined: May 2012
Posts: 7,439
Originally Posted by pianoloverus
Originally Posted by carey
The MSRP of a new AA is over $70K. The OP bought his/her piano for $30K in 2006. Probably could have easily paid $35 to $40K back then. I'm guessing a reasonable starting point would be in the high 20's (if not $30K) assuming the piano is in excellent condition and has been consistently maintained. To sell for $15K would be practically giving the instrument away.
I agree with everything except that the MSRP at any point in time is not really relevant. The present SMP is of some relevance.

However, the current MSRP is only a reference. There is no reason to rely on the very general "rules" as stated by Fine. The consideration for the owner is the comparison from what he/she paid. At that time, the buyer received a very good price. If $30,000 is accurate, that is an exceptional cost for a Mason AA with the added attraction of the player system.

The most accurate way to determine its current market value is to have it inspected and appraised for sale in that particular locale.


Marty in Minnesota

It's much easier to bash a Steinway than it is to play one.
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092871 05/31/13 11:40 AM
Joined: Dec 2009
Posts: 389
N
Full Member
Offline
Full Member
N
Joined: Dec 2009
Posts: 389
Normal consignment rates in my area are 60/40 . 40 going to the consignment store which should include pick up. I would say they will ask you for a target figure you can live with then mark the piano up so that you might still get your targeted price ( what your 60 percent is).

You will need proof of ownership and some other documents. I would choose a geographical area where pianos are selling fast over the it might sell in a year places.


J. Christie
Nashville Piano Rescue
www.NashvillePianoRescue.com
East Nashville
Bowling Green, KY
Scottsville KY.
Chamber of Commerce
Member/Sponsor

Putting inspiration in the hands of area musicians
Through restoration/renovation
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092885 05/31/13 12:05 PM
Joined: Feb 2011
Posts: 2,739
W
2000 Post Club Member
Offline
2000 Post Club Member
W
Joined: Feb 2011
Posts: 2,739
Couldn't you squeeze it in?


Ian Russell
Schiedmayer & Soehne, 1925 Model 14, 140cm
Ibach, 1905 F-IV, 235cm
Re: 2006 Mason & Hamlin AA high polish ebony
Minnesota Marty #2092911 05/31/13 12:54 PM
Joined: May 2001
Posts: 28,835
Yikes! 10000 Post Club Member
Online Content
Yikes! 10000 Post Club Member
Joined: May 2001
Posts: 28,835
Originally Posted by Minnesota Marty
Originally Posted by pianoloverus
Originally Posted by carey
The MSRP of a new AA is over $70K. The OP bought his/her piano for $30K in 2006. Probably could have easily paid $35 to $40K back then. I'm guessing a reasonable starting point would be in the high 20's (if not $30K) assuming the piano is in excellent condition and has been consistently maintained. To sell for $15K would be practically giving the instrument away.
I agree with everything except that the MSRP at any point in time is not really relevant. The present SMP is of some relevance.

However, the current MSRP is only a reference.
The current SMP is a reference. The current MSRP irrelevant.

Last edited by pianoloverus; 05/31/13 12:55 PM.
Re: 2006 Mason & Hamlin AA high polish ebony
pianoloverus #2092912 05/31/13 12:56 PM
Joined: May 2012
Posts: 7,439

Platinum Supporter until October 5 2014
7000 Post Club Member
Offline

Platinum Supporter until October 5 2014
7000 Post Club Member
Joined: May 2012
Posts: 7,439
Originally Posted by pianoloverus
Originally Posted by Minnesota Marty
Originally Posted by pianoloverus
Originally Posted by carey
The MSRP of a new AA is over $70K. The OP bought his/her piano for $30K in 2006. Probably could have easily paid $35 to $40K back then. I'm guessing a reasonable starting point would be in the high 20's (if not $30K) assuming the piano is in excellent condition and has been consistently maintained. To sell for $15K would be practically giving the instrument away.
I agree with everything except that the MSRP at any point in time is not really relevant. The present SMP is of some relevance.

However, the current MSRP is only a reference.
The current SMP is a reference. The current MSRP is useless.

Neither matters at all!

The most accurate way to determine its current market value is to have it inspected and appraised for sale in that particular locale.


Marty in Minnesota

It's much easier to bash a Steinway than it is to play one.
Re: 2006 Mason & Hamlin AA high polish ebony
Minnesota Marty #2092935 05/31/13 01:33 PM
Joined: May 2001
Posts: 28,835
Yikes! 10000 Post Club Member
Online Content
Yikes! 10000 Post Club Member
Joined: May 2001
Posts: 28,835
Originally Posted by Minnesota Marty
Originally Posted by pianoloverus
Originally Posted by Minnesota Marty
Originally Posted by pianoloverus
Originally Posted by carey
The MSRP of a new AA is over $70K. The OP bought his/her piano for $30K in 2006. Probably could have easily paid $35 to $40K back then. I'm guessing a reasonable starting point would be in the high 20's (if not $30K) assuming the piano is in excellent condition and has been consistently maintained. To sell for $15K would be practically giving the instrument away.
I agree with everything except that the MSRP at any point in time is not really relevant. The present SMP is of some relevance.

However, the current MSRP is only a reference.
The current SMP is a reference. The current MSRP is useless.

Neither matters at all!

The most accurate way to determine its current market value is to have it inspected and appraised for sale in that particular locale.
I suggest you take up your argument with Larry Fine. The idea that the table he has included in the Piano Buyer and Piano Book for many years is useless seems hard to believe. Fine is far too careful about what he writes. Numerous posters have suggested using this table as a reference.

In addition, the idea of relying on a tech's appraisal(which I myself suggested) poses problems for a piano like a M&H AA because a tech will probably not have seen many(or even any) of these for sale in a given locale.

The difference between the MSRP and SMP is significant both for a new and used pianos. The MSRP is irrelevant for both but that is not the case for the SMP. I suggest reread my last post in an earlier thread where I went to great lengths to explain your misconceptions about the SMP. In that thread it was clear that you hadn't even read Fine's explanation of SMP or had misunderstood it. My last comment to you on this thread.

Last edited by pianoloverus; 05/31/13 01:35 PM.
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092937 05/31/13 01:37 PM
Joined: May 2005
Posts: 10,583
Yikes! 10000 Post Club Member
Offline
Yikes! 10000 Post Club Member
Joined: May 2005
Posts: 10,583
I realize that the MSRP is not as relevant as the SMP - and I'm aware of the 30% guidelines, which is why I said the OP could have easily paid $35-$40K for the instrument - and thus got a great deal at $30K. I chose not to get into all that - assuming that someone else here would - and you didn't disappoint me !!

The amount the OP originally paid for the piano should not dictate what it is offered for now. I agree that the best way to determine market value is to have it inspected and appraised - but PL makes a good point about that as well.

It sounds like the OP needs to unload the piano immediately - so rather than giving it away, consignment may be the way to go.

Too bad it won't fit in the new place........


Last edited by carey; 05/31/13 01:39 PM.

Mason and Hamlin BB - 91640
Kawai K-500 Upright
Kawai CA-65 Digital
YouTube channel - http://www.youtube.com/user/pianophilo
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2092945 05/31/13 01:53 PM
Joined: May 2012
Posts: 7,439

Platinum Supporter until October 5 2014
7000 Post Club Member
Offline

Platinum Supporter until October 5 2014
7000 Post Club Member
Joined: May 2012
Posts: 7,439
Hurray! - We're free of PLU!


Marty in Minnesota

It's much easier to bash a Steinway than it is to play one.
Re: 2006 Mason & Hamlin AA high polish ebony
Minnesota Marty #2092974 05/31/13 02:50 PM
Joined: Apr 2005
Posts: 1,672
1000 Post Club Member
Offline
1000 Post Club Member
Joined: Apr 2005
Posts: 1,672
Originally Posted by Minnesota Marty
Hurray! - We're free of PLU!


Pacific Lutheran University??


Some men are music lovers. Others make love without it.
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2093052 05/31/13 05:37 PM
Joined: May 2012
Posts: 7,439

Platinum Supporter until October 5 2014
7000 Post Club Member
Offline

Platinum Supporter until October 5 2014
7000 Post Club Member
Joined: May 2012
Posts: 7,439
Well, he certainly does get preachy and dogmatic with his views.


Marty in Minnesota

It's much easier to bash a Steinway than it is to play one.
Re: 2006 Mason & Hamlin AA high polish ebony
MasonHam #2093066 05/31/13 06:09 PM
Joined: Oct 2008
Posts: 5,100
5000 Post Club Member
Offline
5000 Post Club Member
Joined: Oct 2008
Posts: 5,100
Dear Andie,

I suggest you reconsider your decision to move to this new place, which has no room for your piano. Seriously. It is not the only new place in the world.

Your piano tech, or the dealer from whom you bought the piano, might be able to advise you about its current resale value in your local market.

I would think twice about moving without your nice piano. It is not a decision on which you will look back with a good feeling. Forgive my suggesting it a second time; I mean it for your own good.


Clef

Re: 2006 Mason & Hamlin AA high polish ebony
Jeff Clef #2093078 05/31/13 06:45 PM
Joined: Apr 2008
Posts: 1,477
1000 Post Club Member
Offline
1000 Post Club Member
Joined: Apr 2008
Posts: 1,477
Originally Posted by Jeff Clef
Dear Andie,

I suggest you reconsider your decision to move to this new place, which has no room for your piano. Seriously. It is not the only new place in the world.

Your piano tech, or the dealer from whom you bought the piano, might be able to advise you about its current resale value in your local market.

I would think twice about moving without your nice piano. It is not a decision on which you will look back with a good feeling. Forgive my suggesting it a second time; I mean it for your own good.


+1

...except that I'm assuming you've already committed to the new place. When people say that a piano won't fit, I think it might mean that it won't be as aesthetically pleasing as it is in its current location. I've got a 7' piano in my tiny place, but it works out just fine.

Also, maybe this poster isn't interested in playing anymore, and if that's the case, then the money s/he gets from the sale could be better used than sitting in a living room.


Recordings of my recent solo piano and piano/keyboard trio jazz standards.


Re: 2006 Mason & Hamlin AA high polish ebony
Steve Peterson #2093817 06/02/13 08:15 AM
Joined: May 2013
Posts: 8
Junior Member
OP Offline
Junior Member
Joined: May 2013
Posts: 8
Steve,

Model AA

Condition: No one plays it but PianoDisc. I took piano lessons as a child but never kept it. Through the years though, I have always treasured the sound and have been envious of those who know how to play.

The piano has only been tuned once since it was purchased in 2006.

I am located in the suburbs of Atlanta, GA.

Page 1 of 2 1 2

Moderated by  Ken Knapp, Piano World 

Link Copied to Clipboard
What's Hot!!
News from the Piano World
100,000!
---------------------
NEW! Sell Your Piano on our world famous Piano Forums!
---------------------
Posting Pictures on the Forums
-------------------
Forums RULES & HELP
-------------------
ADVERTISE on Piano World
(ad)
Pianoteq
Steinway Spiro Layering
(ad)
PianoDisc

PianoDisc
(ad)
Piano Life Saver - Dampp Chaser
Dampp Chaser Piano Life Saver
(ad)
Mason & Hamlin Pianos
New Topics - Multiple Forums
New - Hammond SK-Pro organ & synth (SK1 upgrade)
by Doug M. - 01/15/21 01:09 PM
New Korg announcements in a few days...
by clothearednincompo - 01/15/21 12:17 PM
Estonia 190
by Walkman - 01/15/21 12:02 PM
My 'Gentle' and 'quieter' tuning technique
by Beemer - 01/15/21 10:46 AM
The Yamaha CFX ???
by DigitalMusicProduc - 01/15/21 10:39 AM
Download Sheet Music
Virtual Sheet Music - Classical Sheet Music Downloads
Forum Statistics
Forums42
Topics204,263
Posts3,046,923
Members100,063
Most Online15,252
Mar 21st, 2010
Please Support Our Advertisers


Faust Harrison 100+ Steinways

Dampp Chaser Piano Life Saver

 Best of Piano Buyer

PianoTeq Bechstein
Visit our online store for gifts for music lovers

Virtual Sheet Music - Classical Sheet Music Downloads



 
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 - 2021 Piano World ® all rights reserved
No part of this site may be reproduced without prior written permission
Powered by UBB.threads™ PHP Forum Software 7.7.4