The most common and most likely answer to this crossword clue is the 3 plus 5 letter word THE SHARD
I've seen this crossword clue in The Guardian
T
H
E
S
H
A
R
D
Buddy explains!
The straight part
We know that "Piano piece, both grand and upright," is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case piano piece, both grand and upright, = the shard.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.