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Baldwin Hamilton 243 value #2689609
11/14/17 10:42 PM
11/14/17 10:42 PM
Joined: Feb 2013
Posts: 8
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flyfishinmusician Offline OP
Junior Member
flyfishinmusician  Offline OP
Junior Member
F

Joined: Feb 2013
Posts: 8
I'm shopping for grand piano and I'm trying to decide if I should try and sell my Baldwin studio piano on my own or if I should trade it in when I buy the new piano. The dealer said he would give me $1500 for it. It's a 243 HP, serial # 470494.

It's been tuned regularly ever since I bought it new 19 yrs ago and is in great shape (aside from a few minor dings and scratches). If I sell it on my own I'm wondering if I would be able to get much more than $1500 for it.

Could someone on here give me an idea of what it might be worth? (It's a medium oak color and has a nice tone).

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Re: Baldwin Hamilton 243 value [Re: flyfishinmusician] #2689627
11/15/17 12:26 AM
11/15/17 12:26 AM
Joined: Dec 2012
Posts: 2,073
California, USA
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musicpassion Offline
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musicpassion  Offline
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Joined: Dec 2012
Posts: 2,073
California, USA
I think your dealer is being very fair (assuming it's not some kind of trade in offer that precludes other discounts you'd normally get... some used car dealers have tactics like this). Although the 243 is a well regarded piano that people will look for, Baldwin pianos don't generally carry a high price.

If you asked $2,000, for example, I'm not sure you'd get it. Probably not, depending on your region.


Pianist and Piano Teacher
Re: Baldwin Hamilton 243 value [Re: flyfishinmusician] #2689688
11/15/17 08:43 AM
11/15/17 08:43 AM
Joined: May 2001
Posts: 10,946
Maryland/DC/No. VA
Steve Cohen Offline
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Steve Cohen  Offline
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Joined: May 2001
Posts: 10,946
Maryland/DC/No. VA
I agree.


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

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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: Baldwin Hamilton 243 value [Re: flyfishinmusician] #2689731
11/15/17 12:18 PM
11/15/17 12:18 PM
Joined: Mar 2006
Posts: 12,095
Georgia, USA
Rickster Offline
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Rickster  Offline
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Joined: Mar 2006
Posts: 12,095
Georgia, USA
Originally Posted by flyfishinmusician
I'm shopping for grand piano and I'm trying to decide if I should try and sell my Baldwin studio piano on my own or if I should trade it in when I buy the new piano. The dealer said he would give me $1500 for it. It's a 243 HP, serial # 470494.

It's been tuned regularly ever since I bought it new 19 yrs ago and is in great shape (aside from a few minor dings and scratches). If I sell it on my own I'm wondering if I would be able to get much more than $1500 for it.

Could someone on here give me an idea of what it might be worth? (It's a medium oak color and has a nice tone).

I agree with musicpassion and Steve. However, you have to be careful when talking trade-ins. If the dealer is asking top retail price for his piano, then $1500 for your Baldwin might not be a good trade-in deal at all.

I do agree that the Baldwin 243s are very good pianos, but can be had on the private sale used market for $500 to $1000, even for the later model ones.

Look at it like this... you might be able to sell your Baldwin 243 for $800 on the used market, and, it might take a while to sell it. The $1500 trade-in might be a generous offer on the dealers part, or it might not, depending on the price of the new piano you are looking at.

I know this is apples and oranges, but years ago there was a new car dealer sales manager who attended our church. I asked him one Sunday how much commission a salesperson usually made on the sale of a new car/truck. He said it varies anywhere from $300 to $1000, depending on the amount of money the dealer made on the deal. He also said that a salesperson might make a $3000 commission on the sale of a late model used car because the dealer makes much more profit on late model trade-ins than on new vehicle sales.

I was kind of surprised, but not by a lot. Trade-ins can be tricky and look good on paper, but are not so good in reality.

However, the trade-in is a quick and easy way to get a new piano and get rid of your old one all at the same time. That is worth something...

Good luck.

Rick


Piano enthusiast and amateur musician: "Treat others the way you would like to be treated". Yamaha C7. YouTube Channel
Re: Baldwin Hamilton 243 value [Re: flyfishinmusician] #2690001
11/16/17 12:16 PM
11/16/17 12:16 PM
Joined: Feb 2017
Posts: 122
Western New York State, USA
P
P3T3R Offline
Full Member
P3T3R  Offline
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P

Joined: Feb 2017
Posts: 122
Western New York State, USA
I used to sell my old cars privately when I bought a new one, knowing that I would get more for it by bypassing the dealer (who has to make a profit). Eventually, the hassle of of it become a big enough deterrent. Don't forget that your time and effort have value. If you decide to sell it privately, you have to have a place to keep it until it sells, make yourself available to people to look at it, take the risk of it not selling for more than you would have received in trade... If I was in your shoes I would trade it in for the convenience if for no other reason.


Peter
1949 Baldwin M
currently working on Brahms op. 10 Ballades, f-minor sonata and 2nd concerto
Mendelssohn Songs Without Words and E minor Prelude and Fugue
whatever strikes my fancy today.

Moderated by  Ken Knapp, Piano World 

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