What Is the Steinway Model M and Why Check Its Price?
The Steinway Model M stands as one of the most coveted baby grand pianos, blending professional performance with home-friendly dimensions. Measuring 5’7″ in length, this studio grand has been a favorite since the 1880s for its rich tone, responsive action, and elegant design. Adult buyers, studios, and institutions seek it for spaces where a full concert grand won’t fit.
Steinway Model M price varies dramatically based on condition, age, finish, and origin (New York or Hamburg). New models start around $98,300 for ebony finishes, while restored vintage pieces range from $25,000 to $60,000. Used unrestored examples often fall between $20,000-$40,000. These figures reflect 2026 market trends, accounting for inflation and demand for premium instruments.
Why track the price? Values hold strong—often appreciating 3-5% annually—making it a smart investment. This guide breaks down exact costs, comparisons, and buying tips to help you decide if a Model M fits your budget and needs.
Current Steinway Model M Price for New Pianos
New Steinway Model M pianos represent the pinnacle of craftsmanship, hand-built with premium materials like spruce soundboards and Renner action. The manufacturer’s suggested retail price (MSRP) for 2026 hovers at $98,300 for the standard ebony finish, with premiums for exotic woods and custom options pushing totals over $120,000.
Dealers may offer slight discounts (5-10%) for cash buyers, but expect street prices from $92,000-$105,000 depending on location and add-ons. Inflation has driven a steady 4% annual increase since 2020, outpacing many luxury goods. Custom artist editions or limited finishes can exceed $150,000.
Price Breakdown by Finish and Options
| Finish | Base MSRP (2026) | Popular Add-Ons |
|---|---|---|
| Ebony | $98,300 | Artist bench (+$1,200) |
| Mahogany | $105,200 | Polished brass hardware (+$2,500) |
| Walnut | $110,500 | Spirio |
| White | $112,800 | Climate control cover (+$800) |
These prices exclude shipping ($2,500-$5,000) and tuning/setup ($500). Hamburg builds add 10-15% premium for European tone preferences.
Where to Buy New (Authorized Dealers)
Authorized Steinway dealers like Steinway Galleries or independent showrooms provide warranties (5-10 years) and factory tuning. Top options:
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SteinwayGrand.com: Competitive pricing with financing.
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Avery Piano Company: Specializes in fresh restorations alongside new stock.
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Local Steinway Hall: Hands-on trials with trade-in programs.
Avoid unauthorized sellers to ensure authenticity and support.
Used Steinway Model M Prices by Year and Condition
Used Steinway Model M pianos dominate the market, offering 80-90% of new performance at 30-60% of the cost. Prices range from $25,000-$60,000, with fully restored “like-new” models at the high end and project pianos under $20,000.
Serial numbers help date yours: Pre-1920s (Art Case) fetch premiums; 1950s-1980s “Golden Era” balance value and reliability. Market data shows restored 1914 models at $46,000 and 2000s examples at $40,000-$55,000.
Price Ranges by Decade
| Decade | Condition | Price Range (2026) |
|---|---|---|
| 1920s | Restored | $25,000-$50,000 |
| 1950s-60s | Excellent Used | $28,000-$45,000 |
| 1980s | Restored | $35,000-$50,000 |
| 2000s+ | Mint/Recent | $40,000-$60,000 |
Restoration costs ($20,000-$40,000) explain the jump from as-is to rebuilt.
How to Evaluate Used Model M Value
Inspect:
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Soundboard/Bridges: Cracks drop value 20-30%.
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Action/Hammers: Voiced recently? Replacement adds $10K.
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Pinblock: Tight pins ensure tuning stability.
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Finish: Revarnished boosts appeal.
Technician reports add 10% to resale value.
Restored vs. Original Used Prices
Fully restored Model Ms ($45,000-$55,000) include 5-year warranties and modern action parts, outperforming unrestored $30,000 peers. A 1928 restored example lists at premium due to “Golden Era” tone.
Steinway Model M Dimensions, Specs & Value Comparison
Dimensions: 5’7″ L x 56″ W x 39″ H; 560 lbs. Bench adds 30″. Ideal for urban homes or studios.
Specs: 88 notes, Accelerated Action, Diaphragmatic Soundboard, Hexagrip pinblock. Tone: Warm bass, singing treble.
Vs. competitors:
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Model S (5’1″): $90K new; more compact but less projection.
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Model O (5’10”): $110K+; fuller sound.
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Yamaha C2X: $60K; excellent but less prestige/resale.
Model M retains 70-90% value after 10 years.
Factors Affecting Steinway Model M Price
Location (NY vs. Hamburg), restoration quality, and market demand drive fluctuations. Rare finishes like birdseye maple add $15,000. Player systems like Spirio inflate to $185,000 total.
New York vs. Hamburg Builds
NY: Robust, brighter tone ($98K base). Hamburg: Refines sustain ($108K+), favored in Europe.
Inflation & Future Price Projections
| Year | New Ebony Projection |
|---|---|
| 2026 | $98,300 |
| 2028 | $106,000 |
| 2030 | $114,500 |
4% CAGR based on historical data.
Where to Buy a Steinway Model M (Best Dealers & Tips)
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Online: SteinwayGrand.com, Chupp’s Pianos (inventory search).
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Auction/Private: eBay/Reverb risks fakes; verify serials.
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Tips: Trial 30+ days; finance at 0-5% APR; trade-ins save 10%.
Budget $5,000 for move/tune.
Is a Steinway Model M Worth the Price?
Pros: Unmatched tone, resale (appreciates), prestige.
Cons: Maintenance $1,000/year; alternatives like Bösendorfer (similar price) or Kawai GL-50 ($45K) compete.
Worth it for serious players; resale offsets cost.
Frequently Asked Questions (FAQ)
What is the average price of a new Steinway Model M?
Around $98,300 for ebony; $105K+ for woods.
How much does a used Steinway Model M cost?
$25,000-$60,000 based on year/condition.
What is the cheapest Steinway Model M available?
Restored vintage ~$25,000-$30,000.
Does a Steinway Model M hold its value?
Yes, 3-5% annual appreciation.
Steinway Model M price vs. Model O?
Model M $98K; O $110K+ new.
How to check Steinway Model M serial number for price?
Use Steinway’s database: Pre-1900 premium.
New or used Steinway Model M—which is better value?
Restored used for 80% savings.
Steinway Model M Spirio price?
Base +$89,000 player system.
Conclusion: Find Your Ideal Steinway Model M Price
New Steinway Model M prices start at $98K, used at $25K-$60K—pick based on budget and use. Contact dealers for quotes, inspect thoroughly, and invest in quality for lifelong value. Ready to buy? Search listings or schedule a viewing today.