How to Determine the Value of a Used Piano

The purpose of this article is to comment on and clarify the information in Piano Buyer on determining the value of a used piano. (The Piano Buyer article has since been revised to include these comments.)

Fair Market Value

Fair market value is the price at which an item would change hands between a willing buyer and a willing seller, neither of whom is compelled to buy or sell, and each of whom has reasonable knowledge of the relevant facts.

Appraisers of used pianos and other consumer goods typically use three different More …

Piano Brand Ratings

More About Piano Buyer’s “A Map of the Market for New Pianos”

Whenever I make changes to Piano Buyer’s “A Map of the Market for New Pianos” — the so-called Ratings Chart — I’m inevitably besieged by questions, comments, and complaints. Here, I’d like to go into a bit more depth about what the Map represents and how it’s formulated.
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