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
106 registered members (bennevis, barbaram, ando, Amedeus, accordeur, anotherscott, anamnesis, Beowulf, Animisha, 27 invisible), 1,580 guests, and 5 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
Steinway Pricing #2377355
01/23/15 10:54 PM
01/23/15 10:54 PM
Joined: Jan 2015
Posts: 6
H
hoodun Offline OP
Junior Member
hoodun  Offline OP
Junior Member
H
Joined: Jan 2015
Posts: 6
I am highly confused about pricing of Steinway pianos. At first I thought Rosewood would make it worth a lot but then I see Rosewood Steinways for less than 10k. It seems piano dealers have the best pricing. how can this be?

Basically, I am looking for a piano to refinish. I am a guitar maker and believe I can do a fairly good job at aesthetic restoration so I am looking to do so with Steinways and making an extra 2k or so for my work.

Now I am trying to make sense of erratic pricing.

(ad)
Piano & Music Accessories
piano accessories music gifts tuning and moving equipment
Re: Steinway Pricing [Re: hoodun] #2377359
01/23/15 11:00 PM
01/23/15 11:00 PM
Joined: Jan 2015
Posts: 6
H
hoodun Offline OP
Junior Member
hoodun  Offline OP
Junior Member
H
Joined: Jan 2015
Posts: 6
Specifically, I am looking at a 1872 Steinway & Sons Style II Model B that was ebonized and is rosewood underneath. I plan on stripping it and revealing the wood. It has been restrung at some point. Its will cost about $7k. I can at least make it look nice again and sell it for $9k ...???

Is this a bad idea?

Re: Steinway Pricing [Re: hoodun] #2377368
01/23/15 11:28 PM
01/23/15 11:28 PM
Joined: Jun 2003
Posts: 26,525
Oakland
B
BDB Offline
Yikes! 10000 Post Club Member
BDB  Offline
Yikes! 10000 Post Club Member
B
Joined: Jun 2003
Posts: 26,525
Oakland
A Style 2 is not a Model B, and the market for them is not strong. Mechanically, they are more difficult to deal with than newer models.

Refinishing a piano that size is considerably more work than finishing a guitar. Large surfaces may have more imperfections than smaller surfaces. Rosewood pianos are usually not 100% rosewood, so one must know how to do fake graining. That only works if the piano case actually was rosewood, and in fairly decent shape, because Steinway would use leftover veneer under ebony finishes.

If you are prepared for these contingencies, go for it. Just be prepared to take a bath, financially.


Semipro Tech
Re: Steinway Pricing [Re: hoodun] #2377371
01/23/15 11:36 PM
01/23/15 11:36 PM
Joined: Oct 2013
Posts: 3,643
Kuwait
PhilipInChina Offline
3000 Post Club Member
PhilipInChina  Offline
3000 Post Club Member
Joined: Oct 2013
Posts: 3,643
Kuwait
I think $1,000 per foot is about the going rate for refinishing a piano. Can you charge that and still make a profit?


Currently working towards "Twinkle twinkle little star"
(ad ) MusicNotes.com
sheet music search
Re: Steinway Pricing [Re: hoodun] #2377388
01/24/15 12:36 AM
01/24/15 12:36 AM
Joined: Oct 2012
Posts: 3,582
🎹
Retsacnal Online content

Platinum Supporter until Feb 18  2015
Retsacnal  Online Content

Platinum Supporter until Feb 18  2015

Joined: Oct 2012
Posts: 3,582
🎹
If you can buy a Steinway for $7000, there's gonna be a lot more wrong with it than the finish. At that price, it's considered a "core," meaning about the only value it has is "Steinway" on the fallboard. The Steinway mark generally holds enough intrinsic value to make them worth rebuilding. That said, a core with a nice new finish is still going to have a lot wrong with it. Selling that at a profit will be a gamble. Also, unless you're prepared to move it yourself, moving it to your workshop will probably cost several hundred dollars, which will eat into your profit. On the other hand, as Philip pointed out, a good refinishing goes for way more than $2000, but maybe not on your first go. I'm a guitarist, and found the same peculiarities you've noted in piano prices. You'd think a nice wood finish would be worth more. Ironically, the ebonized pianos are valued higher--people want black. So you'd be doing all that work when you'd likely make more by just shining up the black finish. Also, it may have been ebonized for a reason, like repaired veneer, or, as BDB pointed out above, it may not even be rosewood.


if you're content with A V E R A G E . . . then just do what everyone else does
Re: Steinway Pricing [Re: hoodun] #2377576
01/24/15 03:25 PM
01/24/15 03:25 PM
Joined: Oct 2012
Posts: 949
CO, USA
P
phacke Offline

Gold Supporter until November 11 2014
phacke  Offline

Gold Supporter until November 11 2014

P
Joined: Oct 2012
Posts: 949
CO, USA
Hello, hoodon-
I am pretty sure I saw one of that model, rosewood and all, with some modifications done over the years on CL in my area. It couldn't sell for $5K, but finally went when the price was reduced to around $2.5K

To Lancaster's comment above, about what you can and cannot buy for x$. Maybe his generalization is correct, but I personally would not make a hard and fast rule like that. There are sometimes inefficiencies in the market that can work to your advantage. You have to fundamentally understand the value of what you are looking at--are the key (high $ repair) components in good shape, etc.

Best wishes -


phacke

Steinway YM (1933)
...Working on:
J. S. Bach, Toccata (G minor) BWV 915
(and trying not to forget the other stuff I know)
Re: Steinway Pricing [Re: hoodun] #2377585
01/24/15 03:42 PM
01/24/15 03:42 PM
Joined: May 2001
Posts: 10,933
Maryland/DC/No. VA
Steve Cohen Offline
Yikes! 10000 Post Club Member
Steve Cohen  Offline
Yikes! 10000 Post Club Member
Joined: May 2001
Posts: 10,933
Maryland/DC/No. VA
Please take no offence but:

Fools rush in where wise men fear to tread.


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: Steinway Pricing [Re: Steve Cohen] #2377671
01/24/15 06:07 PM
01/24/15 06:07 PM
Joined: Jun 2003
Posts: 26,525
Oakland
B
BDB Offline
Yikes! 10000 Post Club Member
BDB  Offline
Yikes! 10000 Post Club Member
B
Joined: Jun 2003
Posts: 26,525
Oakland
Yes, but sometimes they come out wiser, more often than they come out richer at any rate.


Semipro Tech
Re: Steinway Pricing [Re: phacke] #2378103
01/25/15 08:48 PM
01/25/15 08:48 PM
Joined: Oct 2012
Posts: 3,582
🎹
Retsacnal Online content

Platinum Supporter until Feb 18  2015
Retsacnal  Online Content

Platinum Supporter until Feb 18  2015

Joined: Oct 2012
Posts: 3,582
🎹
Originally Posted by phacke
Hello, hoodon-
I am pretty sure I saw one of that model, rosewood and all, with some modifications done over the years on CL in my area. It couldn't sell for $5K, but finally went when the price was reduced to around $2.5K

To Lancaster's comment above, about what you can and cannot buy for x$. Maybe his generalization is correct, but I personally would not make a hard and fast rule like that. There are sometimes inefficiencies in the market that can work to your advantage. You have to fundamentally understand the value of what you are looking at--are the key (high $ repair) components in good shape, etc.

Best wishes -

Yeah, I was being pretty general...just trying to offer up some of the variables to consider. If the market for this particular model Steinway is so low that at that price it's not a "core," then I'd say his plan is even more risky, especially since I read between the lines that perhaps 7k is too high a price already.

If the OP has genuine refinishing skills, it would seem less risky to simply put out the word that he refinishes pianos. Let the pianos' owners take the risk. If they want their piano refinished, then they can pay for the job. 2k might find him some takers. And then it also doesn't necessarily matter what kind of piano it is, a Steinway or Grandma's old Bradbury.

As I think Steve alluded to above, trying to buy low and sell high(er) is an undertaking better left to those who genuinely have a handle on the market. Not saying the OP couldn't get a handle on the market, but the nature of his question indicates that he doesn't yet.


if you're content with A V E R A G E . . . then just do what everyone else does

Moderated by  Ken Knapp, Piano World 

New In Our Store!
New In Our Store!
key racks with hand sanitizer
Attn: Piano Teachers, Music Teachers, Studios!

A rack made from actual piano keys, with individual hand sanitizer for each student!
Tons more music related products in our online store!
New Topics - Multiple Forums
Amadeus Piano
by LennieAJ. 09/25/18 09:46 AM
Considering the Kawai ES8 digital piano
by Revantu. 09/25/18 05:43 AM
Ludwig & Hoff - anyone?
by styzer. 09/25/18 04:52 AM
Steinway on digital piano's
by Timpskie. 09/25/18 04:31 AM
Yamaha CLP-645 touch
by Beowulf. 09/25/18 04:16 AM
(ad)
Pianoteq
PianoTeq Steingraeber
Forum Statistics
Forums40
Topics187,476
Posts2,747,673
Members91,091
Most Online15,252
Mar 21st, 2010
(ad)
Accu-Tuner
Sanderson Accu-Tuner
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 7.6.1.1