The majority of people selling pianos are relocating and do not want to take the piano with them.The Internet, especially websites such as Craigslist and eBay, makes it easier than ever for sellers to advertise at little or no cost.In many cases, these instruments were inherited from the boomers’ own parents and are now 50 or more years old. Baby boomers, retiring and downsizing, are flooding the market with the pianos their children took lessons on.Digital pianos have become so advanced in tone and touch, and so competitive in price, that for many on a limited budget, a new digital piano may be a better buy than a used acoustic.Globalization and the computerization of manufacturing have made inexpensive, new, high-quality consumer-grade pianos from China and Indonesia abundantly available, leaving lower-quality used instruments from previous eras with little value.Several conditions-some inherent to used-piano sales and some specific to current times-have tended to increase supply and/or drive down the prices of used pianos: Used pianos for sale far outnumber shoppers to buy them, making it a buyer’s market. Since the Recession, used pianos at all price levels have plummeted in value.
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