On my inventory list I have two pianos that are difficult to classify. They are both Mason and Hamlin BB’s. This means that they are seven ft. grand pianos. This is not what makes them unusual. Most of the time my company works to restore pianos. We take a piano which has deteriorated through time, and restore it to it’s original condition. This does not apply to these two BB’s. These pianos were manufactured by Mason and Hamlin in the 1980’s. However, they were never assembled. They sat neglected in a warehouse for years. Then several years ago two of these manufactured pianos came to my shop to be assembled. The job was not easy. The process of assembling these pianos was far more difficult than restoring a typical Mason BB. However, the results justified all the hard work. These pianos are gorgeous. They are every bit as fine a piano as if Mason and Hamlin assembled them in their factory. But, how should I classify these pianos? They have not been restored, but calling them new implies a connection with the Mason and Hamlin Company that doesn’t exist. How about saying that they were manufactured by Mason and Hamlin, but assembled by Craftsman Piano Co. That is an accurate description, and an excellent combination.
So you are looking to purchase a fine piano which is also a great investment. Let's look at what a competently restored vintage Steinway is. It is a piano that is beautiful to look at, and a dream to play. It is also a commodity which has had a history of holding it's value. Let's define value. The first definition is that the piano can provide years of playing and listening satisfaction. That is the main reason to buy a piano. The second definition of value is that the piano will not depreciate in price as quickly as many other commodities. In my experience vintage, restored Steinway pianos hold their monetary value better than any other investment in the piano world.
Another great investment in the piano world is vintage restored Mason and Hamlin pianos. For decades there has been an argument over which piano is better, Steinway or Mason and Hamlin. In my opinion this is like comparing apples and oranges. The two brands have different qualities in sound and touch. From a quality of construction standpoint the pianos are different but equally well constructed. From a pianistic point of view I would have to say"de gustibus". One thing is very clear, in my shop: Steinway pianos are easier to sell.
Another class of good investments in the piano world are the Yamaha, Kawai, and Boston pianos. These pianos are much less expensive and are valuable as good sounding, reliable work horses if a Steinway or Mason and Hamlin piano is not for you. These brands are a fine investment in the satisfaction of owning a really good instrument.
Finally, almost any brand of piano can have value as a source of satisfaction. It doesn't have to be a an expensive or famous brand. What is important is the pleasure you get out of playing or listening to the piano. For this reason it is important to get confirmation from a competent piano professional that your piano purchase will perform reliably. Good luck, and choose wisely.
Joe Hanerfeld,
Craftsman Piano Co.
