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Has this piano been regularly tuned? Has it had any internal restoration? Any other flaws aside from the cracked soundboard?
Thanks for this information.
Older pianos do not have any value based on their being old. This is because the parts wear out and must be replaced. People who buy pianos are not collecting them; they are buying them to play.
Also, pianos that have not been regularly tuned, will not hold a tuning.
So, older pianos that have not been restored are at a disadvantage in the market. Add to that the cracked soundboard, and it looks as if your piano has a low market value.
If the piano is in very good cosmetic condition, its current retail (replacement or insurance) value is approximately $1,500. If you were to sell it, you could expect to get the fair market (private sale or auction) value of approximately 40% of the retail amount, or $600, depending on location and actual condition.
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