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Value of my Yamaha P2 Upright #241314
11/07/07 07:40 PM
11/07/07 07:40 PM
Joined: Nov 2007
Posts: 13
New Jersey
J
Jasmin Offline OP
Junior Member
Jasmin  Offline OP
Junior Member
J

Joined: Nov 2007
Posts: 13
New Jersey
I have a walnut Yamaha P2 Upright, Serial # 2825418 that was manufactured in Japan. Their logo is on the side of the piano. Does anyone have any idea as to what it's value is now?

It's in excellent condition & I'd like to try to sell it to someone who appreciates the Yamaha brand.

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Re: Value of my Yamaha P2 Upright #241315
11/08/07 12:49 AM
11/08/07 12:49 AM
Joined: Aug 2007
Posts: 210
westcoast
H
Hoaglie Offline
Full Member
Hoaglie  Offline
Full Member
H

Joined: Aug 2007
Posts: 210
westcoast
Jasmin--
Hello and welcome to forum. The closest comps I could find in your area on craiglist were an oak '93 P22, Georgia made, asking 3000 in Central, NJ. And in North Jersey, a Georgia made ebony 45" Yamaha, a bit older, asking 2500. (Remember, we don't know what actual sales price will be) Your P2 was made in '79, older yet, but since it was made in Japan, that helps. On ebay a dealer is selling walnut 1986 P2, exellant shape, five year guarantee, with buy it now price of 3400, no bids yet, and 12 hours left, don't think it's going anywhere fast.
Problem with 3000-2500 price on these pianos is that you can buy new 48" Palantino for nearly same amount, plus most buyers in category are looking for Yamaha U1, U3, U5. Not that there's anything wrong with P2, etc., but . . .
Your question about value? Impossible to say until you sell it (especially since we can't see it). But let's take Mr. Blankenship's accurate retail estimate of 2995 (we're assuming P2 is in excellant condition). Rick Jones Piano(they handle a lot of used Yamahas) might get that much, but then they have ten year guarantee, and excellant condition. Check their pictures to see their idea of excellant condition. (Still, you'd be surprised how much Jones and other retailers lop off posted price to move pianos)
Okay. Let's take accurate wholesale price of 1500. Hopefully, you can get more than that, but you really don't know until you put piano up for sale and start getting offers and healthy dose of market reality.
Try listing on craiglist or ebay (PW also has listing service) and see what happens. Wouldn't hurt to start at 3000, in case some madcap with penchant for '79 p2 comes along. Take good pictures (refer to Jones website), serial number, and say piano made in Japan. Do everything to make piano look good and give all pertinent info. Keep checking area craiglist for similiar piano, try to get actual sales price, if possible. If after week or two, highest offer is 2000 (you never know, could be more or less, cross fingers) then use best judgement. Pianos are usually easier to buy than sell.
Who knows? Maybe someone will see listing and ask forum for advice. (Hoaglie scratches head) Dang. Better delete that crack about retail price. Anyway, good luck.

Re: Value of my Yamaha P2 Upright #241316
11/09/07 05:50 PM
11/09/07 05:50 PM
Joined: Sep 2007
Posts: 93
Jennifer Flinn Offline
Full Member
Jennifer Flinn  Offline
Full Member

Joined: Sep 2007
Posts: 93
Dear Jasmin,
Hoaglie has some good advice. Definitely make the piano look as clean and neat as possible. Also, I checked Yamaha website and found that your piano was made for the North American market. Some people are leary of buying used Yamaha's from Japan believing that they are "grey market" and not intended for use in the U.S. As far as value, it's hard to determine what your area of NJ would bring. I would look in your local paper as well as on Craig's List and EBay. Here on the West Coast it would probably bring about $2500 -$3000.


Co-author of The Complete Idiot's Guide to Buying a Piano. I work for a West Coast dealer that carries Bosendorfer, Schimmel, Vogel, Wm. Knabe, and Yamaha.

Moderated by  Ken Knapp, Piano World 

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