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The keys: What to look for when valuing pianos in property claims

From electric keyboards to baby grands, determining value requires a little “know-how.”

By Scott Lacourse | Updated on June 23, 2015

Much like the ups and downs of the housing and stock markets, acoustic piano sales fluctuate between good times and bad.

Way back in 1909, more than 364,000 acoustic pianos were sold. Jump into the future nearly 100 years and sales have dropped to 50,000. So is it just the fluctuating market? Saturated households? Too much competition from gaming? Partly, but due to these factors, dollars that would have been spent on uprights and grand pianos are moving towards the considerably less expensive and portable (not to mention easier to keep in tune and often more versatile) electric pianos you now see used at concerts.

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