How much is an old Krauss piano worth?
This question gets asked way too often, and always without details. How Much Is It Worth? Ultimately, something is worth only as much as someone will pay for it. Piano prices vary greatly depending on the locale and the particular situation. The value of a piano also depends very much on how knowledgeable the seller and potential buyers are. For every piano, there is what I would call an “informed value” and an “ignorant value.” The informed value takes into account the technical quality and condition of the piano, whereas the ignorant value does not, being based primarily on how the piano case looks (if even that). Unfortunately, the ignorant value is more often than not what the piano actually sells for.
