Steinway Piano Dilemma - Restoration Value Vs Buying New

Piano aficionados, especially those who appreciate theAs an investment, Steinway pianos appreciate in value.
sound and quality of vintage Steinway grand pianos,And a vintage instrument presents an even shrewder
are discovering they can have their cake and eat itinvestment opportunity. Take for example one of our
too. They're enjoying the superb sound andformer customers, Alan Cox. When he purchased a
exceptional quality of a Steinway piano at a more1923 Steinway grand piano with an African mahogany
affordable price via total piano restoration.wood cabinet that we helped him find, he was simply
Steinways have the reputation for offering anlooking for a superlative instrument for his New Jersey
uncompromising standard of exceptional quality sincehome. But the instrument that cost him $15,000 in 1996
1853. Steinway pianos are famous for theiris worth twice that today. A new Steinway that
incomparable sound, intuitive, responsive touch and areretailed for around $33,600 at the time would have
the preferred choice for more than 90% of the world'sinched up to a present value of slightly over $36,000.
performing artists. In a hand written note, famousOf course, avid musicians aren't in it for the money.
inventor and Steinway owner, Thomas Edison wrote, "IThey're interested in the pleasure of playing, the
have decided to keep your grand piano. For someenjoyment of listening to and the satisfaction of
reason unknown to me it gives better results than anyowning the finest instrument available. But it's still nice to
so far tried."know you made a prudent investment.
The Benefits Of Restoring A Vintage SteinwayPutting Your Piano In The Right Hands
A new Steinway grand piano today costs aroundPiano restoration is not just a skill, it's an art. And the
$60,000. Restoring a vintage Steinway grand piano isbest in the business consider it more than a business.
around half that. And there are other advantages asThey have a genuine love and appreciation for music
well. Vintage Steinway pianos (generally built in 1942and are committed to creating the finest instrument
and before) are constructed of solid, naturallypossible.
seasoned wood and many possess real ivoryEven though restoration is less expensive than buying
covered keyboards. They also feature elegantnew, it's still a significant investment. So make sure
cabinets with beautiful veneers and sometimes,you're confident in those doing the work. Research the
intricate engravings.company. How many years of experience do they
Skilled artisans invest many hours of painstaking workhave? What are their qualifications? Ask for
into the process that takes several months to finish.references and check them. Whoever restores your
Yet, when complete, the beautifully restored piano willvintage piano should give it the loving attention it
look and sound like it's right off the showroom floor.deserves.
Vintage Investment Provides A Higher Payoff