ianos have the advantage of a long lifespan – usually at least 50 years – so they hold their value relatively well, as compared to digital pianos for example, which have a high technology turnover and are rendered “obsolete” very quickly. There will usually be a steep fall in the value of a new piano once it leaves the shop, and will tend to stabilise at about 60% of purchase value within the first five years. From here the value should level out for a fairly long time.