This instrument is closer to 10-12 years old. It was built by Generalmusic, an Italian company and distributed by the former Baldwin P & O before the bankruptcy and takeover by Gibson in late 2001. Under the new ownership, Baldwin absolved itself of any responsibility for parts or warranty service for the Pianovelle digital pianos, since they did not continue the relationship with Generalmusic. Also, Generalmusic has no responsibility for warranty service or parts on the Baldwin Pianovelles, since their role was as an OEM supplier, not as a distributor. That is not to say that you could not get parts from Generalmusic, but they have no vested interest in Baldwin Pianovelle.
You might want to post this question on the digital piano forum, but a good analogy would be the current value of a 12 year old personal computer. Technology has advanced at the same rate as the computer industry during the last decade. $2500 is not much compared to the cost of a new baby grand digital, but you can get a much newer vertical digital for that price, if not a brand new one with a factory warranty.
