THE E BOOK OF PIANOS
THE E BOOK OF PIANOS
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| Astin-Weight Baldwin Bechstein, Bluthner Bohemia Bosendorfer Boston Brodmann Cable, Hobart M. Cable-Nelson Chase, A.B. Conover-Cable Cristofori Disklavier Ebel, Carl Essex Estonia Everett Falcone Fandrich& Sons Fazioli Feurich Förster, August Grotrian Gulbransen ... | Haessler Hailun Hallett, Davis & Co. Hardman, Peck & Co. Heintzman & Co. Hoffmann,W. Kawai Kawai, Shigeru Kemble Kimball Knabe,Wm. Kohler & Campbell Mason & Hamlin May Berlin Meister, Otto Miller, Henry F. Nordiska Palatino Pearl River Perzina, Gebr. Petrof Piano Disc Pramberger QRS/ Pianomation Remington ... | Ritmuller Samick Sauter Schimmel Schulze Pollmann Seiler Sejung Sohmer Sohmer & Co. Steck, Geo Steigerman Steinberg, Gerh. Steinberg, Wilh. Steingraeber & Söhne Steinway & Sons Story & Clark Suzuki Vogel Vose & Sons Walter, Charles R. Weber Weinbach Wyman Yamaha Young Chang ... |
The method of determining the value of a piano is called the "depreciation" method. This method is especially useful for appraising pianos of recent makes when the models are still in production or has been recently discontinued. To use it, one needs to find out how much a new piano of the same or comparable make and model would cost now, and then look up the age of the subject piano on a depreciation schedule.
Depreciation of Used Pianos Less than 10 years old
Age in Years | Worth % of New Price1 Year Old 80% | 2 Years Old 75% | 3 Years Old 70% | 5 Years Old 65% | 8 Years Old 60% | 10 Years Old 55%
The percentage given represents what the piano is worth relative to the cost of a new one. There is no universally agreed-upon depreciation schedule for pianos, but one such schedule is provided below. This method works fairly well for pianos of average quality which have had a normal amount of wear. For better quality pianos, or pianos that have had either very little or far too much use, the values produced this way must be adjusted accordingly.
Replacement value usually refers to the retail price that you would need to pay to buy the nearest new equivalent to the piano you have. If there is a new piano that is similar in size, quality of general construction and description, then this is usually a new piano. If there is not new equivalent, then usually the replacement value is based upon what it would cost to find a used piano that is similar and have it remanufactured to like-new condition. Replacement Value: This is the value you want to insure your piano for replacement value.
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