The value of Young Chang pianos vary significantly depending on the condition, year, size and type of piano. Generally, new pianos from the South Korean manufacturer are worth more than used instruments, ranging from $2,500 for an upright to $65,300 for a grand piano.
Piano Mart, a used piano marketplace website, as of 2015 lists more than 20 different Young Chang pianos at prices that range from $800 to $5,500.
Young Chang was founded in 1956 by brothers Jai-Young and Jai-Chang as a Seoul-based assembly company for Yamaha pianos. They began building their own instruments in 1968, exporting their products two years later. The Young Chang America subsidiary was established in 1979, contributing to the growth that has made the company one of the world leaders in piano manufacturing.