Please help, question regarding value 1963 Bosendorfer

[heyscotttt]

I am not sure where or who to ask and I am aware that values are very hard to determine based on many things.

A friend of mine recently bought a Bosendorfer piano and he is hoping to try and sell it. What he knows based on the serial number is that it dates back to 1963. The piano is 6' 7". Prior to him receiving this piano it was used for music lessons up until August 2015 ( earlier this month ) so I am assuming that it is still in excellent working condition.

If anyone could possibly help determine roughly what it is worth in the current market assuming everything is up to par in working condition.

Thanks!

[pencilart3]

10 million dollars.

[dogperson]

Hi,
Just a couple of thoughts?
The value of a piano varies much, dependent on the area you are in, and the exact condition of the piano. You really can't assume it is or is not in excellent working condition because it was recently used for teaching.  The prior owner may be aware of large $$$ repairs that are pending.

Unfortunately, you can't get the answer you need from the internet.  Get an inspection and an appraisal.

[pencilart3]

Hi,
Just a couple of thoughts?
The value of a piano varies much, dependent on the area you are in, and the exact condition of the piano. You really can't assume it is or is not in excellent working condition because it was recently used for teaching.  The prior owner may be aware of large $$$ repairs that are pending.

Unfortunately, you can't get the answer you need from the internet.  Get an inspection and an appraisal.

Exactly. Perfectly said. Probably better than my guess...

[indianajo]

Pro use pianos, especially school practice pianos, are often very worn. 
Look for hammer and dampers worn shorter in the middle. Look for spliced strings, or mismatched bass strings.  Look for wiggly hammer pivots.  Of course, soundboard cracks. Case or keytop appearance damage.    All these subtract greatly from value.  In low wage countries, the labor cost of restoration is lower, the import taxes are higher, so defects may be less of a value subtractor. 
The lowest I've seen any grand around here with all the parts, is $2000.  Steinway grands restored by a local individual go about $15000-$18000 at his facility in the country.  There has never been a Bosendorfer on our craigslist, so somewhere in there I suppose.   Certain people might pay extra for a Bosendorfer because of the sound, others might want a discount for the more frequent tuning and wire maintenance they might require compared to Steinway/Yamaha/Mason Hamlin/Baldwin.