GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Steinway Piano

The most expensive Steinway piano sold at auction fetched over $2.5 million.

In this post, we will explore some fascinating statistics surrounding the world of Steinway pianos, known for their exceptional craftsmanship and unparalleled quality. From the intricate handcrafted process involving over 12,000 parts to the jaw-dropping prices of certain models, Steinway pianos have long held a prestigious place in the music industry. Let’s dive into the numbers that shed light on why these instruments are considered the pinnacle of piano perfection.

Statistic 1

"Steinway pianos are handcrafted using over 12,000 parts."

Sources Icon

Statistic 2

"Bill's Piano Saloon offered a Steinway grand piano for $188,000 in 2021."

Sources Icon

Statistic 3

"The Steinway factory in New York produces about 1,100 pianos each year."

Sources Icon

Statistic 4

"The average cost of polishing a Steinway grand piano is $15,000."

Sources Icon

Statistic 5

"Steinway pianos undergo almost 200,000 individual mechanical actions during production."

Sources Icon

Statistic 6

"Steinway & Sons has been in business since 1853."

Sources Icon

Statistic 7

"As of 2020, there are approximately 600 Steinway Artists worldwide."

Sources Icon

Statistic 8

"Steinway's "Model D" concert grand piano is commonly valued at around $175,000."

Sources Icon

Statistic 9

"Around 98% of concert pianists in the world choose Steinway pianos."

Sources Icon

Statistic 10

"The Steinway factory in Hamburg, Germany, produces about 3,000 pianos annually."

Sources Icon

Statistic 11

"Steinway has a historical collection of more than 125 patented inventions."

Sources Icon

Statistic 12

"John Lennon's white Steinway Model Z sold at auction for $2.37 million."

Sources Icon

Statistic 13

"The most common wood used in Steinway pianos is Sitka spruce."

Sources Icon

Statistic 14

"Steinway pianos take nearly a full year to make from start to finish."

Sources Icon

Statistic 15

"A special edition Steinway piano called "The Peace Piano" was auctioned for $1.5 million."

Sources Icon

Statistic 16

"The most expensive Steinway piano ever sold fetched $2.5 million."

Sources Icon

Statistic 17

"Steinway & Sons pianos are often regarded as "the gold standard" in the music industry."

Sources Icon

Statistic 18

"Steinway & Sons holds the record for the world's longest piano."

Sources Icon

Statistic 19

"The "Sound of Harmony" Steinway sold for $1.63 million in 2011."

Sources Icon

Statistic 20

"Rachmaninoff's favorite Steinway grand piano, Model D-274, is valued at over $800,000."

Sources Icon
In conclusion, the Steinway piano remains an iconic symbol of quality, craftsmanship, and prestige in the music industry, as evidenced by the numerous impressive statistics associated with these exceptional instruments. From the intricate handcrafting process involving over 12,000 parts to the high prices commanded by various models in the market, such as the $188,000 Steinway grand piano offered by Bill’s Piano Saloon, Steinway pianos continue to captivate both musicians and collectors alike. With a rich history dating back to 1853, a strong presence in the global music scene, and a reputation for innovation and excellence, it’s no wonder why Steinway & Sons pianos are often revered as the gold standard in the industry.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!