Yes, pianos depreciate over time. The amount of depreciation depends on the brand of piano, the condition of the instrument, and the current piano market. Some pianos hold their value while others appreciate over time.

Do pianos go up in value?

From a financial perspective (excluding instruments with special historical or artistic value), pianos are a depreciating asset. They depreciate quickly for the first few years and then slowly thereafter. They may eventually appear to appreciate in value, but the appreciation is entirely due to inflation.

How long do upright pianos last?

Pianos last approximately 75 to 100 years. Some pianos can last longer, but then some fall apart earlier. If you want a piano for only a few years, you can buy a piano that is 75 years old and still get a couple of years enjoyment out of it.

Where is the best place to sell a piano?

There are general classified pages like,Craigslist.Offer Up.Facebook Marketplace.Kiji.Ebay.19 Jan 2020

How many years do pianos last?

A rule-of-thumb answer typically given is that an average piano under average conditions will last 40 to 50 years. However, even after a piano has ended its natural life for a particular purpose, it may still have a new life as a used instrument for a lesser purpose.

Can you wear out a piano?

Still, the instrument will function but expect it to eventually wear down over the course of a few years. The most important parts of a piano are the soundboard and pin block. If any of those parts go bad, the piano is effectively rendered useless.