The Lindeblad Steinway Price Guide · Updated June 2026
How Much Does a Steinway Piano Really Cost?
Steinway & Sons doesn’t publish its prices. Most dealers won’t quote one until you’re standing in the showroom. We think that’s backwards. Our family has restored Steinways for four generations, we publish the price of every piano we sell, and we’d rather you walk into this decision knowing the real numbers. So here they are.
2026 Steinway Prices by Model: New vs. Restored
The new-piano figures below are approximate 2026 U.S. prices for satin ebony. Steinway doesn’t publish a list, so these reflect recent dealer pricing. The restored figures are not estimates. They are actual asking prices from our showroom floor right now.
| Model | Size | Best suited for | New (2026, approx.) | Restored at Lindeblad | Savings |
|---|---|---|---|---|---|
| Model S “Baby Grand” | 5'1" | Apartments and smaller rooms | ~$92,000 | $39,500 – $65,000 | up to 57% |
| Model M “Medium Grand” | 5'7" | Most living rooms; the family Steinway | ~$106,000 | $44,500 – $75,000 | up to 58% |
| Model O / L “Living Room Grand” | 5'10" to 5'11" | Larger living rooms, serious players | ~$120,000 | $38,500 – $85,000 | up to 68% |
| Model A / A3 “Parlor Grand” | 6'2" to 6'4" | Big rooms, near-concert sound at home | ~$135,000 | $50,000 – $98,500 | up to 63% |
| Model B “The Perfect Piano” | 6'11" | Teaching studios, refined homes, small venues | ~$155,000 | $49,500 – $125,000 | up to 68% |
| Model D “Concert Grand” | 8'11" | Concert halls and institutions | ~$235,000 | $69,500 – $125,000 | up to 70% |
Restored ranges reflect Lindeblad inventory as of June 2026. Exotic veneers, Victorian and Louis XV art cases, and Hamburg Steinways command more; our rarest pieces reach $249,900.
See Every Steinway We Have, With Real Prices
Why the Same Name Costs Half as Much
A new Steinway behaves like a new luxury car. The moment it leaves the showroom, it trades on the secondary market at a steep discount; people in our industry generally put that first drop at 40 to 50 percent. That isn’t a flaw in the piano. It simply means the first owner pays a premium that the second owner never has to.
A properly restored vintage Steinway flips that math in your favor. You pay the post-depreciation price for an instrument that has been rebuilt from the inside out: new strings, new pins, a new or rebuilt action, refinishing, and where needed a restored soundboard. We use the same Alaskan Sitka spruce, from the same supplier, cured to the same moisture specifications that Steinway uses, and our senior soundboard craftsman spent three decades at the Steinway factory. There is also something the spec sheet can’t capture. Steinways from the so-called Golden Age, roughly the 1900s through the 1940s, were built with old-growth woods that simply aren’t available anymore, and many concert pianists prize those instruments for their warmth and depth.
The Five Things That Move a Steinway’s Price
The Costs Nobody Mentions in the Showroom
The sticker is not the whole story. When you compare quotes, ask what’s included. These items routinely add $2,000 to $5,000 or more elsewhere:
| Item | Typical cost elsewhere | At Lindeblad |
|---|---|---|
| Nationwide insured delivery | $800 – $2,500 | Free |
| In-home tuning and inspection after delivery | $250 – $450 | Free |
| Matching bench | $500 – $1,500 | Included |
| Warranty | 1 to 5 years | Up to 20 years |
| Return protection | Rare | 30-day money back |
| Trade-in policy | Varies | Lifetime, full price applied |
What That Looks Like Per Month
Most of our clients finance. With plans up to 120 months, the question usually isn’t whether a Steinway is within reach. It’s which one.
| Restored Steinway | Price | From (approx.) |
|---|---|---|
| 1988 Model L, satin ebony | $38,500 | $429/mo |
| 1925 Model M, satin ebony | $59,500 | $664/mo |
| 1916 Model B, satin ebony | $81,500 | $909/mo |
Examples from current inventory; financing subject to approval.
Frequently Asked Questions
- How much does a new Steinway grand piano cost in 2026?
- Roughly $92,000 for a Model S up to about $235,000 for a Model D concert grand in satin ebony. Steinway does not publish prices, and exotic finishes or Spirio player systems add significantly more.
- How much does a restored Steinway cost?
- Our fully restored Steinway grands currently range from $38,500 to $125,000, with rare art cases and Hamburg instruments above that. Most family-sized models (S, M, O, L) fall between $39,500 and $75,000.
- Is a used or restored Steinway a good investment?
- A piano is first an investment in your family and your music. Financially, a restored Steinway skips the steep first-owner depreciation of a new piano and tends to hold its value well. Our lifetime trade-in policy means the full purchase price can always be applied to another Lindeblad piano down the road.
- How much is my old Steinway worth?
- Unrestored Steinways typically sell for $5,000 to $30,000 depending on model, era, and condition. If you’re curious what yours is worth, or what it could become, get in touch and we’ll give you an honest assessment.
- Why are vintage Steinways from the 1920s so sought after?
- Instruments from the Golden Age were built with old-growth, tight-grain woods that are essentially unavailable today. Properly restored, many pianists find their tone warmer and richer than modern production.
The Bottom Line
A Steinway is within reach at almost any serious budget, if you know what things actually cost. That’s why we publish every price on every piano, compare each one directly against its new equivalent, and back it all with a 30-day money-back guarantee, free delivery, and the longest warranty in the industry. Four generations of our family have staked the Lindeblad name on it.
