A friend has acquired a completely unused 1984 vintage South Bend light 10 lathe with collet set (german made), milling vise attachement, 3 and 4 jaw chucks, 10" face plate, 6 in one (or something like that) toolpost holder, standard lamp holder, steady rest (no follwer rest), dead centers, live center, and my favorite; a graduated tailstock. Bed length is 4 1/2 feet. Most other attachments are there, with the exception of a tapering attachment (might be there, but I didn't see one without snooping too closely. He already has a heavy 10 of older vintage in like new condition as well, so he has no need for this lathe and we're trying to figure out what a fair market price on it is if I were to buy it. Of course, I'd get a bit of a discount since it's between friends, but I also want to be sure that it's fair both ways.
Condition is basically 100% new and the machine has never, and I do mean never, made a single cut. It's difficult to tell if it's ever even been turned on since the wiring is not connected at the switch. All of the attachments are also in brand new condition, bought at the same time as the lathe. The lathe is one of the Korean made variety, but seems to be very well made. It also has the stand since it's a under the cabinet motor version. The lathe is still coated in cosmoline. It does not appear that a chuck has ever been fit to the head.
If it were a standard used South Bend from the 80s, I'd be pretty comfortable with the typical $1500 or so as the value, perhaps more given the tooling that comes with it. What I don't know, is how much is the fact that this is literally a new old stock lathe worth? It may very well be the oldest South Bend lathe in existence that has not made a cut. I never saw the 80's South Bends as collectible, but they do seem to be up there with old Atlas/Craftsman in price. Plus, a new and likely inferior Southbend (with motor top mounted) can be bought with a shorter bed and stand for close to $5000 with less tooling.
I'd appreciate some opinions on what it's worth. Thanks in advance!
Condition is basically 100% new and the machine has never, and I do mean never, made a single cut. It's difficult to tell if it's ever even been turned on since the wiring is not connected at the switch. All of the attachments are also in brand new condition, bought at the same time as the lathe. The lathe is one of the Korean made variety, but seems to be very well made. It also has the stand since it's a under the cabinet motor version. The lathe is still coated in cosmoline. It does not appear that a chuck has ever been fit to the head.
If it were a standard used South Bend from the 80s, I'd be pretty comfortable with the typical $1500 or so as the value, perhaps more given the tooling that comes with it. What I don't know, is how much is the fact that this is literally a new old stock lathe worth? It may very well be the oldest South Bend lathe in existence that has not made a cut. I never saw the 80's South Bends as collectible, but they do seem to be up there with old Atlas/Craftsman in price. Plus, a new and likely inferior Southbend (with motor top mounted) can be bought with a shorter bed and stand for close to $5000 with less tooling.
I'd appreciate some opinions on what it's worth. Thanks in advance!