The depreciation varies for pianos because of a few different factors which mainly relate to the condition of the piano & the overall piano market. We will get into a full breakdown of all Steinway piano prices below, but you can see from above, they can greatly vary.Īnother thing to consider is that Steinway used pianos typically cost between 45% & 75% of their original MSRP value. In short, when averaging out the 9 most popular Steinway models made in New York, we come to the average price of $75,777. Their most popular concert grand piano costs roughly $171,000. This is the least expensive model for a brand new piano that Steinway offers. The Steinway model 4510, which is an upright piano, costs about $35,000. *These numbers below reflect the starting points for each model.
If you have ever searched for the pricing on Steinways, you will know it can be difficult as there some factors determining the price. So, how much does a Steinway piano cost on average? Steinway pianos are some of the most sought after pianos that money can buy.
