Most new consumer-grade vertical pianos sell in the range of $3,000 to $10,000. Some higher-end ones cost two or three times that, and a few cost less. New entry-level grands generally go for $7,000 to $10,000, mid-range grands from $10,000 to $30,000, and high-end grands for $30,000 to $100,000 or more. Unrestored but playable used pianos, purchased from a private party, cost from 20 to 80 percent of the cost of a comparable new instrument, depending on age and condition, with 15-year-old used pianos coming in at about 50 percent. Used pianos may cost much more when purchased from a dealer, but you will also get a warranty, peace of mind, and greater ease of shopping.
Generally speaking, higher-priced pianos have a more sophisticated tone and touch than entry-level ones, with correspondingly greater control of musical expression. They may also come in better-built, more attractive cabinets with better-quality finishes, and receive more thorough, custom musical refinement at the factory. However, these days, much of the difference in the price of new pianos is also related to labor costs in the country of origin, not solely to the quality of the instrument.
For more information about the price and quality of new pianos, see the article “The New-Piano Market Today.”
For instructions on how to look up the price of specific new piano models, see the introduction to the Model & Pricing Guide.
For more information on estimating the value of a used piano, see the section “How Much Is It Worth?” in the article “Buying a Used or Rebuilt Piano.”