Richard Lipp and Sons is a high quality German piano that used to be made in Stuttgart. Some of their vertical pianos feature exquisite casework and I have come across an old grand here in Auckland that was signed on the soundboard with fulsome praise by the great German pianist Wilhelm Bachaus. As Brian has pointed out, they were considered to be amongst the best pianos of their time. Of course any piano that is nearly 80 years old will present problems of ageing and deterioration and as RachFan wisely states, repairs and restoration could be extremely expensive.Your decision whether to buy or not should be based on the sound of the piano and on an appraisal from an independant tuner/technician to report on the state of the instrument. Remember that some older quality pianos have a beauty of sound that is not found in newer instruments but beware also of the irrevocable damage of time on such a piano.Good luck,Robert.
Richard Lipp & Son Upright Piano ... 1903 ... how much it is worth? It is in good condition.