Posted by Tony Pratt 1 on 20/05/2018 11:06:54:
Yes do your research, looks a tidy machine so maybe £1500-2000? Lots of these come up on Ebay some for silly money.
Tony
Tony is spot on mentioning silly money being paid for these on ebay.
It is worth whatever someone is prepared for it, which in this case may be a lot more than it's actual value. Myford Lathes have a very considerable following and a fair number of people completely lose their heads in their desire to own one, irrespective of condition.
On the whole it's a sellers market. If you auction a reasonable condition Myford on ebay it might well trigger a feeding frenzy, making more than £2000. Don't blame me if you choose a bad moment and it goes for a song.
That people persistently pay excessive amounts for Myfords isn't popular in the model engineering community because it tends to push craftsmen who would make best use of of a decent lathe out of the market. It's not unknown for sellers in your position to let estate lathes go cheap to deserving cases as a way of perpetuating the deceased's hobby; was your father-in-law in a club?
If you don't want the hassle of selling it yourself there are a number of dealers who would take it off your hands. As they have to make a living, don't expect them to pay anything like as much as a private buyer.
Dave
Edited By SillyOldDuffer on 20/05/2018 13:13:45