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.