Up until the late 1990’s, Rhodes pianos were regularly sold for less than they are today and far less than their original retail price–even without adjusting for inflation. In the past decade the price of Rhodes pianos has increased fairly steadily but this has not always been the case. Given this range of prices it is absolutely critical to know what to look for when determining the fair value of an instrument if you are going to purchase an instrument that is not professionally serviced or restored.
Other instruments get listed at prices higher than that range but seem to have a much harder time selling. We have observed nearly identical instrument models going for between $300-1,000 in relatively the same unserviced condition. Unfortunately, from our first hand observations of Rhodes sold in the near Chicago market the playing condition of the instrument is not commonly reflected in the asking price of the piano.
Some of the most significant factors that will always affect the value include the geographic location or market, the rarity or demand for the specific model, and perhaps most importantly its playing condition. There are many factors to consider which may seem trivial to certain players while being crucial to others.
Part 1: How much is a Fender Rhodes Piano Worth?ĭetermining the value of a rare vintage instrument is a difficult task.
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