The beginning of the year is typically when many piano manufacturers implement price increases, so there has never been a better time to consider the purchase of a nearly new or restored piano.
Steinway & Sons will have their annual price increase at the end of January this year, meaning the future value of all existing Steinway pianos will be significantly affected. Therefore, if you want to own a beautiful Steinway upright or grand piano, the arguments for purchasing a used model over a new one are extremely powerful and compelling.
Benefits of Pre-owned vs. New
- Increased cost saving: The most obvious benefit of purchasing a used Steinway is cost saving. Steinway pianos are renowned for their investment potential, but for now, the value of a nearly new or restored Steinway will not have increased relative to the recent price increase of new Steinways.
- Investment potential: The investment potential of a used Steinway will be just as good as a new one. With new pianos, a significant part of the cost is VAT, however with many used pianos, this is not the case.
- An instrument at its optimal potential: With a nearly new Steinway & Sons piano, say between 10-20 years old, the piano is probably just reaching its optimum potential. Like a fine wine, it can take some time for a premium piano to be at its absolute best. With a restored piano, it is often the case that it will have had new action parts, hammers, strings and felts. In this instance, the piano will feel like a new instrument and will have been given a whole new lease of life.
- Peace of mind: All of our pre-owned Steinway pianos come with a 5 year guarantee.
Learn more about the Steinway brand
Steinway & Sons have been building handcrafting pianos of uncompromising quality since 1853. Every Steinway piano supplied by Coach House is meticulously prepared by our time-served technicians, whose expertise is unrivalled, having had many years of experience working with Steinway instruments.
Our Exclusive Private Retail Event
Our Exclusive Private Retail Event featuring pre-owned Steinway & Sons pianos runs from 5th – 12th February 2024.
This is the last chance to secure a pre-owned Steinway & Sons piano at last year’s price, ahead of their annual price increase.
An exclusive selection of modern, pre-owned Steinway pianos will be available on a ‘FIRST COME, FIRST-SERVED BASIS’ at 2023 pricing. The selection includes upright and grand pianos.
This event is by appointment only (physical or virtual) and can be secured by calling Coach House Pianos on 020 8088 5858 or the following link:
Access COACH HOUSE PIANOS’ pre-owned Steinway event