The Steinway piano is not priced due to a combination of its craftsmanship, exclusivity, and brand value. Steinway pianos are renowned for their exceptional sound quality, durability, and the meticulous craftsmanship that goes into each instrument. The high price tag reflects the time, skill, and materials required to produce these pianos.

Steinway pianos are handcrafted by highly skilled artisans, a process that can take up to a year to complete. Each piano is made from the finest materials, including hand-selected spruce for the soundboard and hard rock maple for the ribs. The company's commitment to quality and tradition ensures that every piano meets the highest standards of excellence. According to a report by the Piano Technicians Guild, the average cost of a new piano is around $5,000 to $10,000, while a Steinway piano can range from $50,000 to $200,000 or more.

The exclusivity of Steinway pianos also contributes to their high pricing. The company produces only a limited number of pianos each year, which creates a sense of scarcity and desirability. This exclusivity is further enhanced by the fact that Steinway pianos are often found in prestigious venues such as concert halls and prestigious homes. The brand's reputation for producing the finest pianos in the world has made it a status symbol for many.

Additionally, the brand value of Steinway pianos cannot be overlooked. The company has been in existence since 1853 and has a long history of innovation and excellence in piano manufacturing. Steinway pianos have been played by many of the world's greatest musicians, and owning one is seen as a mark of distinction. This brand value is reflected in the premium pricing of Steinway pianos.

In conclusion, the high price of Steinway pianos is a result of their exceptional craftsmanship, exclusivity, and brand value. The combination of these factors makes Steinway pianos not just musical instruments, but also pieces of art and symbols of prestige.