How Much Are Steinway Pianos? (New & Used Price Guide)

There’s no single answer to how much a Steinway piano costs. A new flagship Model D concert grand can run well over £150,000, while an older second-hand upright or baby grand can cost a small fraction of that.

Why does the price vary so much?

• Model and size
• Whether it was made in Hamburg or New York
• Year of manufacture
• Condition of the strings, soundboard, bridges, and action
• Whether it’s had a full restoration
• Who carried out any restoration, and what parts were used
• Private sale vs dealer sale
• Whether delivery, preparation, and warranty are included

New Steinway pianos

A new Steinway gives you the current factory specification, full manufacturer backing, and the complete new-piano experience — but like any big-ticket new purchase, it depreciates as soon as it leaves the showroom. As a rough benchmark, a new Model D concert grand currently costs around £156,000. Exact prices move around, so it’s worth asking an authorised dealer for a current quote.

Used Steinway pianos

A good used Steinway can be excellent value, but the name alone doesn’t guarantee condition. An older piano might need nothing more than a tuning and regulation, or it might need an expensive restoration of the strings, soundboard, wrest plank, or action.

Before buying, have it checked by an independent technician who knows high-end grand pianos, and get a written report and quote for any work needed.

Which should you buy?

Professional players, recording studios, and conservatoires may want a larger Model B or D. Family buyers are usually better served by comparing the smaller grand models.

Don’t buy a tired old piano just for the Steinway name — a well-conditioned Yamaha, Kawai, or other high-end European piano at the same budget can easily outperform it.

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