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Joined: Aug 2017
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Osho Offline OP
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Hi,

I am curious if the acoustic grand piano prices have changed significantly during Covid? Has the demand increased (as people are spending more time indoors) and the prices have gone up? Or, has the demand decreased (with the economic downturn) and the prices have gone down?

I would especially love to hear from the dealers who participate in the forums here.

Osho


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I have noticed dealers in Vancouver have marked pianos "SALE" even on pianos which usually never would be marked this way on a web site.No percentage off are given so I do not know if they are really going to be that much cheaper, or if one would do the "usual hassle and wait "

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I think there are many factors that weigh into pricing. I will be interested to read responses to the OP's question, although I think that all piano dealers have to be optimists by nature.

A few things to think about, none of which answers the question:

People who might hesitate to buy an expensive piano might decide that life is too short not to spend their money--what are they saving it for? You can't take it with you, after all.

People who might have bought an expensive piano might decide that they need to save their money because they are suffering from a new sense of financial insecurity and would rather not starve to death in the next pandemic.

Business persons who might have bought an expensive piano for a restaurant (for example), will not do so because they have no money and/or are facing a long period of social distancing. If the diners are outside, a piano inside is of limited utility. Likewise, churches will not replace their pianos and singing groups that use them for rehearsals or concerts will not be needing them because it will be a long time before such activities resume. (Side question: what percentage of pianos is sold to businesses and/or churches and/or chorales)?

People who might have bought an expensive piano might decide that they will save their money because they won't live long enough to enjoy the piano.

People who might have bought an expensive piano have lost their jobs or their investment accounts (or both), so no longer have the money to do so.

People who might have bought an expensive piano sold their stock accounts when the market crashed, and buying a piano is better than waiting for their cash to depreciate in value. Might as well blow it on a piano.

People who might have bought an expensive piano have been forced to discover new and wonderful things about the internet and sharing over the internet, so will recoil from solitary occupations like playing the piano.

I don't think we will know anything about the answer to the OP's question until dealerships reopen and we see where everything goes. We don't know how many job losses are permanent or what is going to happen to the economy. Time will tell.

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I don’t think we should expect dealers to reply here about their anticipated pricing because of Covid
Go look, play and negotiate when the dealers are open.


"Music, rich, full of feeling, not soulless, is like a crystal on which the sun falls and brings forth from it a whole rainbow" - F. Chopin
"I never dreamt with my own two hands I could touch the sky" - Sappho

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Well I bought a piano in 2018 and I plan to keep it. If I pass on ,my husband has said he will keep it .
If my husband dies I shall keep it ,unless it becomes impossible and I have to move to some place where I cannot play it . If we both pass on ,it no doubt will be auctioned off as part of the estate .

Right now we are planning on living to 104.

Last edited by Lady Bird; 05/26/20 08:28 PM. Reason: Spelling
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On thinking about it, I think it's likely that prices on most expensive items will fall as a result of COVID-19. Pianos are unlikely to be an exception. I would think that low consumer confidence would have an impact on pricing across the board. To say nothing of the risk of deflation.

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Probably depends on what one defines as expensive. For some, it might take the place of upgrading the ski lodge, which saves a few million.

Analogous to menswear, where recessions cause fewer suits to be sold, but more ties.

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Contraction of the economy + deflation pressures + dealer cash flow issues = lower prices.

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With massive unemployment, if the economy doesn't come back quickly, I think the best deals will be in the lightly used "OMG, I bit off more than I can chew market!".


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