Hybrids styles, containing features of both institutional and decorator styles, are common, especially in Asian pianos.
Grand pianos come in far fewer styles than verticals. As you shop, it is likely you will see only a few different styles, in a number of woods and finishes.
The traditional grand piano case is likely familiar to everyone. It has rather straight or slightly tapered legs, often flaring slightly just above the floor (called a spade leg), and usually a rather plain, solid music rack.
Victorian style (sometimes called Classic style) is an imitation of a style in fashion in the late 1800s, with large, round, fluted legs and a fancy, carved music desk. Variations of the Victorian style have "ice-cream cone" or other types of round-ish legs.
As with verticals, grands also come in Queen Anne and French Provincial styles, with curved legs, and in other period styles. In addition to the leg style, these usually differ in the treatment of the music rack and cabinet embellishment as well.
Pianos come in a variety of woods, most commonly ebony (sometimes called ebonized), which is not actual ebony wood, but an inexpensive, sturdy veneer that has been painted black; as well as mahogany, cherry, walnut, and oak. Exotic woods include bubinga, rosewood, and many others, available on higher-priced uprights and grands. In pianos of lesser quality, sometimes a less expensive wood will be stained to look like a more expensive one. Pianos are also available in ivory or white, and it's often possible to special-order a piano in red, blue, or other colors.
In addition to the wood itself, the way the wood is finished also varies. Piano finishes come in either high polish (high gloss) or satin finishes. Satin reflects light but not images, whereas high polish is nearly mirror-like. Variations on satin include matte, which is completely flat (i.e., reflects no light), and open-pore finishes, common on European pianos, in which the grain is not filled in before finishing, leaving a slightly grainier texture. A few finishes are semigloss, which is partway between satin and high polish. As with furniture style, the finish is an entirely personal matter, though it should be noted that satin finishes tend to show fingerprints more than do high-polish finishes.
Most piano finishes are either lacquer or polyester. Lacquer was the finish on most pianos made in the first three-quarters of the 20th century, but it is gradually being supplanted by polyester. In my opinion, lacquer finishes—especially high-gloss lacquer—are more beautiful than polyester, but they scratch quite easily, whereas polyester is very durable. (Lacquer finishes can be repaired more easily.) Hand-rubbed satin lacquer is particularly elegant. Sometimes, when a customer desires a piano in a satin finish but the dealer has in stock only the high-polish polyester model, the dealer will offer to buff it down to a satin finish at a cost of $500 to $1,000. This is commonly done, and it works, but usually doesn't look as nice as the factory-made satin finish.