I've only just noticed this thread but I had seen the lathe on ebay together with the other items that the seller (maredw-784) had for sale. When checking 'sold items' to compare the price, the same ad but with a different seller in a different location came up.
If this wasn't enough to convince anyone that the seller was a sammer, all the other facts need to be taken into account.
1. The ebay account is a new one, only opened in November
2. His feedback is all as a buyer, all from bulk sellers so presumably low value items.
3. He was selling several high value yet unrelated items, most of which had descriptions and photos directly lifted from other 'sold item' listing from other, presumably genuine, sellers.
4. He is alledgedly based way up north, making collection for most potential buyers, inconvenient.
5 He doesn't accept paypal, but does accept bank transfer.
6. His auctions are all short duration.
7. His 'sold items' showed the same items he was still selling, sometimes two or three times in the previous few days.
Number 3 should be a massive red flag to a potential buyer. Any of the others should be something of a warning, all of them taken together means this seller is a scammer.
I reported him to ebay twice over Christmas. In the past when I have done this, ebay took the auctiions down straight away. It didn't happen this time and I can only guess that covid and Christmas combined to slow things down.
Ebay can't and won't protect you from all scammers, particularly when paying using BACS. Using BACS is fine face to face, I've both bought and sold reletively high value items this way using on line banking. It's better than cash, but BACS at a distance to someone you can't authenticate is a big no no.
I've had well over 1000 transactions on ebay with no major issues, there's plenty of bargains to be had and hard to find items to be found but always, do a few checks and if it appears too good to be true, it probably is.