I have a used Myford that I refurbished to as-new condition. It's a good little lathe but nothing fantastic. At the 300 Quid or so I have invested in it, it's good value. No way I would pay 8,000 quid for one.
It has to be remembered that the main reason Myfords became the model engineer's standard lathe from the 1940s through to the 1980s was price and value for money, rather than highest level quality. They were cheap to buy, cheaper than the preceding Myford/Drummond M-type, cheaper than the Raglan, or Boxford, or South Bend and its many clones. They were good useable quality at the price, but no Rolls Royce. More the Morris Minor of lathes really. Good value for the masses.
I wonder how much a brand new Morris Minor would sell for these days?
And would it be any better to drive in modern traffic than the 1950s models?
Edited By Hopper on 27/11/2018 02:11:47