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 much do pianos depreciate?

Pianos typically depreciate to 78% of their value in the first year alone. After this, you can see it slowly continues to decline for 20 years, reaching its final number of 40% of its original value. What is this? As you can see, after the first couple of years, pianos will depreciate by about 5% per year.

Are used pianos worth anything?

Prices of used pianos vary wildly, depending on local economies, supply and demand, and the cosmetics and playing condition of the instrument at hand, including the amount and quality of any restoration work done.