This is a chart of how well pianos have done as an investment strategy. We have used older data so as not to show any “bubble” effect.

As you can see over a 20 year period quality pianos appreciate very well.

Steinway Pianos are very good investments, so is the Baldwin Grand Pianos that really shine as an investment.

These piano investments are tax free.

 

 

 

Grand Pianos

Brand	Size	1986	1990	1995	2000	2005	2X Y#	% Increase
Steinway 6’10.5	“	$27,180	$31,158	$39,960	$48,510	$57,870	17	113%
Baldwin 6’3	“	$11,739	$13,890	$17,642	$23,152	$39,345	15	235%
Yamaha	6″1″	$10,322	$12,315	$17,918	$21,968	$23,543	14	128%
Kawai	6’11”	$8,141	$9,821	$17,168	$20,093	$22.043	10	171%
Schimmel	6′	$13,064	$14,816	$23,344	$27,664	$33,904	12	160%

Vertical
Pianos

Brand	Size	1986	1990	1995	2000	2005	2X Y#	% Increase
Steinway	46.5″	$7,376	$8,892	$11,790	$14,769	$17,640	14	139%
Baldwin	45″	$2,645	$3,246	$3,816	$4,128	$6,688	17	152%
Yamaha	48″	$3,559	$3,758	$5,018	$5,993	$6,075	22	83%
Kawai	49″	$3,559	$3,575	$5,018	$5,693	$5,993	23	83%
Schimmel	48″	$5,272	$6,336	$9,264	$10,464	$12,144	14	130%

Raw data from ANCOTT Associates, an industry pricing guide, we have put together some representative samples of piano selling prices over the past 20 years. We have included two American brands, Steinway & Sons and Baldwin; two Japanese brands, Yamaha and Kawai; as well as one European brand, Schimmel. For each, we have selected one popular grand size and one vertical size. The raw data come from the ANCOTT spring/summer database for each respective year. The prices in our table reflect typical “street” or actual selling prices. We applied traditional discounting to ANCOTT’s Average Suggested Retail prices (sort of MSRP figures). Not an exact science, but consistent across the table.

The prices in these tables are for new pianos. Rebuilt pianos do even better.