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Steinway pianos are known for their longevity, and most Steinway instruments appreciate in value over time. Steinway pianos are considered by many professional piano players to be the premiere pianos, as well as among the most expensive. Steinway pianos are famous for their quality of tone, and this applies across the range to all of their grands and uprights. Steinway pianos are handcrafted from 12,000 components and require a year to make and assemble. Only 3,000 pianos are produced each year in the New York factory, about the same production rate as a century ago. The Steinway concert grand is renowned for its quality of sound and the action of the keys.