My name is ***** ***** I'm happy to help.
The serial number indicates that your piano was built in 1975. Since that time, has it been regularly tuned? Has it had any internal restoration?
Here's the problem:
Old pianos have no value just for being old. In other words, prospective buyers are not collecting pianos; they want to be able to play them. Pianos have parts that wear out and must be replaced, and a piano that hasn’t been regularly tuned will not hold a tuning. So, old pianos are at a disadvantage in the market.Pianos are valued heavily on age after other factors like style, maker and condition. Age will tell you what kind of wear the piano would have mechanically. Even if the outside looks good the internal mechanisms are likely only in fair condition.
So, are you wanting to insure this or sell it? That will make a difference in the appraisal.
Okay, I see.
We know the piano hasn't been regularly tuned for the past five years. We can assume it has been restored or it is unrestored. I'll give you values for both and you can decide what to do.
Assuming the piano Has been restored and is in very good condition, its current fair market (private sale or auction) value is approximately $1,650 - $2,000, depending on location and actual condition.
Assuming the piano is unrestored and is in very good condition, its current fair market (private sale or auction) value is approximately $450, depending on actual condition and location.
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