These were well built affordable pianos and have many good qualities. The Lester Piano Company, an American standard, was established in 1888 in Philadelphia, Pennsylvania. Decent grand pianos start at $8,000, while Steinway grands now range from $20,000 to nearly $60,000. How much is a spinet piano worth?Ī low price for a new spinet or small console piano would be $1,200, while a quality vertical starts at $3,500. Once restored, some of the more stylized and older Lester pianos can reach up to $20,000. For this reason, their unrestored value ranges between $500-1,000.
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