- Steinway & Sons sells 2,829 pianos (260 more than in the previous year).
- Steinway & Sons makes $125,000,000 in piano sales ($23,000,000 more than in the previous year).
- The Steinway Academy (a.k.a the C.F. Theodore Steinway School for Concert Technicians), the first academy for concert technicians world-wide, opens in Hamburg.