Appreciation of Steinway Pianos
| Present Value | Present Value | Present Value |
| 2.5 times higher than original cost. | 5.9 time higher than original cost. | 13.6 times higher than original cost. |
| Manufactured between 1959-1988. | Manufactured between 1928-1958. | Manufactured 1900's or earlier. |
Hamburg - US-based piano maker Steinway & Sons unveiled Wednesday Nov 5, 2008 the most expensive grand piano it has ever built: a 1.2-million-Euro (1.5 million dollar) instrument with inlays of 40 different woods. The 150-year-old company, which has a main workshop in the German city of Hamburg, said it took four years to make the piano for a Chinese customer, Guo Qingxiang. The lid of the model, named the Sound of Harmony, is decorated with a copy of a picture by Chinese painter Shi Qi. Woods used included ebony, ashwood and rosewood.
