Reliable must be tired of loosing money

Milacron · Sep 17, 2007

first auction I've ever noticed them having a reserve on something. And it's a late Hardinge HLV-H for gawds sake...something you would think they would have confidence in going pretty high anyway.

Oh well, guess the party is finally over for "anything goes" Reliable auctions...

Hardinge HLV-H on eBay

exkennametalguy · Sep 17, 2007

I thought about bidding on a few of their items until I checked the freight using their frt calculator. I don't know who they use but the shipping prices were insane.

donie · Sep 17, 2007

I am detecting some paint over spray on the electrical cables and some other areas. It may be a little more used then they are indicating.
Nice machine however.

Doug W · Sep 17, 2007

End of an era!!

Maybe they also will stop buying everything and anything at all west coast auctions.

8Way · Sep 17, 2007

Reliable sure has a lot of bidders upping the price w/ (0) feedback scores.

Really-Lie-Able?

-W

macona · Sep 17, 2007

If its been painted its been a while. Plenty of grime build up around edges and oil stains on the paint,

snakebit95 · Sep 17, 2007

I noticed a while back that most of reliable machines are now being cleaned and repainted. I can't remember this being the case in the past. They use to sell everything with the 20-years worth of dirt & grime on it. Those cleaned and painted machines scream "Buyer Beware" to me!!!

Spud · Sep 17, 2007

I have seen about 2 or 3 reserve auctions from reliable over a period of 1 year, so ya very rare.I remmeber that those auctions , Reliable was selling it for the owner.They mentioned the machines being in use.

The situation maybee the same with this HLV-H, they may be handling the sale for the owners.

They don't have reserves on the machines at Reliable's warehouse and the shop selling the woodworking stuff.Their auction add mentions that the machines are at Caltech and they (Caltech) needs to get rid of them to make room. Reliable probably was hired by Caltech to sell the stuff?

Noah Katz · Sep 17, 2007

"Reliable sure has a lot of bidders upping the price w/ (0) feedback scores."

? Looks like 25,000+ to me.

Milacron · Sep 17, 2007

I have seen about 2 or 3 reserve auctions from reliable over a period of 1 year, so ya very rare

To know how meaningful that statment is, one has to know just how closely you are watching what Reliable has for sale. Knowing you, it's pretty close, like everything they have ever had for sale since their eBay debute, but just curious

Limy Sami · Sep 17, 2007

Just out of intrest, what would a sort of '' ball park / average fair price'' be for that sort of year/ condition/ equipped HLV-H over there?

Take care. Sami

Milacron · Sep 17, 2007

Limy, $14 to $22,000 but that one is a bit dirty (for an eBay ad anyway), so maybe a little less.

If they cleaned it up like new and put a NASA sticker on it, and with a good story about some ex employee getting it brand new from NASA and waxing it once a week while not actually using it any, $25,000 !!

jpevner · Sep 17, 2007

Hmmm. 9660 s/n would make it about 82/83 vintage.Also, it has the dual dials everywhere, which they don't do anymore because of DROs. I don't see a taper attachment in the pics. It actually looks like orig paint to me. Oversprayers never bother to remove the metal label plates. I wonder what the reserve is? I don't think any e/m hlvh's have sold recently on E-Bay. Nobody is buying the permanent ads for a few that are in the 20's and have been on near forever.

jp

JRouche · Sep 18, 2007

That is odd they have a reserve. Maybe listing it for a friend and he needed a reserve.

I saw another inch/metric HLV-H go for about six grand about a year to two abit back. No reserve on that one and it looked pretty nice.

They didn’t list it as inch/metric in the header, maybe not even in the body so the price may have been down because of that.

Stupid me expected it to rise to a standard ten to nineteen grand so I didn’t bother keeping up with the auction. My luck would have been to bid and it would have went from the six grand to the guys max of around ten-ish. JRouche

jpevner · Sep 18, 2007

Well, if he is selling it for somebody, then they could have goten a lot more money, I think, by simply auctioning it through the standard auctioneers, not on eBay. Somebody got a real good deal on an I/M for $6000. That's almost a ridiculous price. Though, what flaws it may have had? Who knows? At that price it would have been good fodder for a genuine rebuild. They guys who do them right replace just about everything, lead screw,grind bed, bearings, rescrape total strip and pro paint. Probably runs $20k or so. But it still saves you $15k on a new lathe.

As far as the thread title, I doubt very much that Reliable is "losing money"

Spud · Sep 18, 2007

To know how meaningful that statment is, one has to know just how closely you are watching what Reliable has for sale. Knowing you, it's pretty close, like everything they have ever had for sale since their eBay debute, but just curious

Ya I should done better at clarifying. The 2 that I remmember, 1 was a Mori Seki (blue and white paint scheme, not something ancient looking )that looked in good shape, wasn't a big HMC and fairly certain it was a lathe. The other,I don't recall what type of machine or brand but I do recall it had conveyers with rollers, some sort of miniproduction setup.

I used to check both German Ebay and our own Ebay every day, then about 2ish months ago just flat stopped looking at much of anything related to machines.Around mid septemeber, started looking at machinery again, the usuall places: Ebay,Dovebid,Bidspotter,GOindustry & a few others.Only look at Gov liquidation once in a blue moon, they don't have anything intresting even rusty intresting

Milacron · Sep 18, 2007

As far as the thread title, I doubt very much that Reliable is "losing money"

Probably not over all, but it's been proven here on PM many times that they loose money quite often on machine tools sales. Someone was at the same auction they bought machine X, so they know what they paid, and then we see machine X on eBay. They lost 2 or 3 thousand bucks on a CNC Deckel mill just a few months ago...and that's not including their shipping and wasted time dealing with it.

WILLEO6709 · Sep 18, 2007

$10,950 reserve met today....I'd like to try one and compare it to a Monarch EE someday, but heck, I bought a Citizen Cincom F10 sliding head CNC swiss lathe on ebay (that ran when I got it home) for a lot less than the current bid.

Milacron · Sep 18, 2007

Used CNC machines are often less expensive than top quality manual machines of similar ilk. For reasons of machine wear and electronic and software obsolecense issues. A good manual machine is essentially "forever", whereas most CNC have a definite lifespan after which they become worthless.

Ironic, since the CNC machine was much more expensive new, and has way more productivity potential.

An extreme example of this involves Deckel mills. A 1989 Deckel FP4MK (manual machine) is worth 3 times what a 1989 Deckel FP4NC with D4 control would sell for.

Basically the same machine, both FP4's...one manual, one CNC. But in the case of the Deckel it's also a rarity issue. The CNC versions are waaaay more common than the manual versions after about 1980.

lazlo · Sep 18, 2007

That's odd that they're starting to use reserves, especially on a Hardinge -- they seem to be able squeeze more money out of an Ebay auction than anyone else.

They got over $26,000 for the HLV they sold last year (the one Don's alluding to).

I don't think any of us will ever be able to figure out what goes on at Reliable...

Reliable must be tired of loosing money

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