Its worth what it will fetch on e-bay or a lot more if you sell it in bits Suppose some one on here said you should get £XXX for that easy, ask them do they want to buy it for that, the answer will probably be no. My point is that 'an expert' can say it is worth £XXX but unless the buyer is willing to pay that much it's not going to happen. I would suggest as said, put it on ebay with a reserve.
If it does not sell perhaps you could shave some off the price. Often see on TV, expert says its worth this much and it sells for less, sometimes its more, but I would still say the best option is auction.
Thanks for all the replies. My friend's dad bought the lathe new in the 40's and lovingly looked after it until he passed away last December. She does not want to see it broken up into bits to sell it.
Personally I've become dissalusioned with Ebay as most people go on there to get a bargain. I've lost count of the number of times I've been 'sniped' in the last couple of seconds by people who don't want to bid fairly. I'm hoping to find an enthusiasts site to list it in an advert to sell for her. I've lost count of the number of times I've been 'sniped' in the last couple of seconds by people who don't want to bid fairly. On the one hand you're slagging off people who go on eBay hoping for a bargain and then complain that someone paid MORE THAN YOU for something Make your mind up! Enthusiasts scour sites like eBay for lathes like that - if you advertise it PROPERLY.
on ebay you'll receive excatly what it's worth - no more, no less. Decide on what YOU (or your friend) wants to get for the lathe and either advertise it for exactly that price and nothing else OR auction it and get what someone is actually willing to pay. It's worth a penny less than fcuk all to a quadraplegic but possibly worth half a million to a fanatical collector who needs exactly that model production number to complete his set of 300,000 of them. most people fail uttery to list their goods properly - poor description, crappy/insufficient photos, wrong/insufficient section(s), poor spelling, refusal to deliver, whatever and then blame eBay for the poor results!!! Slagging anyone off, and I don't mind if someone wins something by paying more than me in a fair auction. I know enthusiasts browse Ebay, and I know how to list things. My point is that your hypothetical 'fanatical collector' looking for the long lost Myford lathe serial number xxx may have bid on mine, been watching it all week, and then 2 seconds before the end of the auction, he gets sniped by someone who specialises in buying lathes to strip down and sell in bits.
The 'fanatical collector' may have been willing to pay 3, 4 or 5 times what his current bid is, but as there were no other bids right up until 2-3 minutes before the end of the auction he may have been given a false sense of security and forgot to increase his maximum bid. You will doubtless say that that is his fault, but if this were an auction in an auction house, and someone put a last minute bid in 2 seconds before the end, the auction is extended to make sure that there are no further bids. THAT is what I find infuriating about Ebay. You can list it in the most perfect way possible, however you WON'T always get what its worth, for the reasons I've just said. You are also limited by who happens to be browsing during the particular week you list it.
The 'fanatical collector' might be on holiday! Now, theres nothing wrong with selling lathes in bits, just not this one. I appreciate now, that she could probably get more for it in bits, but she would rather sell it in one piece. We don't have the knowledge or time to strip the lathe down, and not being experts on the subject, wouldn't know how to describe the component parts in any case. All I meant was that in this instance, I don't think Ebay is the place to put it. I'm investigating the value of this for a close friend. She knows nothing about the value of lathes (even less than me).
Her father looked after this lathe for over 60 years, and we'd like it to go to a good home. And at a fair price. Now can we all get off our high horses? I'm beginning to wish I never brought the subject up!! No offence intended or implied.
As I quoted from your own post, you 'object' to people sniping - you even repeat the assertion in another post. There is no such thing as 'sniping' - the last bid wins.
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OK, at a reaal auction house they say 'going, going. Etc' to give people a chance to put in another bid but that is both impractical let alone impossible on a website. There are, probably, auction houses in your locality that will give you the 'real' auction experience if you want to sell it that way. The point is is that you're getting to emotionally attached to an object - you will never know what happens to the lathe after you sold it and you have no right to decide what happens to it after it's sold either - so hoping to sell it to an 'enthusiast' is meaningless as 'I' could pose as said enthusiast, purchase it then strip it for parts. You will never know.
Myford Lathe Ebay
The idea that someone has a 'false sense of security' on eBay when bidding is similarly ridiculous - those are the people who want a 'bargain' (the kind you 'do' object to) therefore refuse to put in a price that they are truely prepared to pay - they bid HOPING no-one else will outbid, praying for that occasion when people 'forget' to put their bid in. Leaving themselves open to the 'sniping' you so disagree with. Anyone SERIOUS about purchasing an item puts in their MAXIMUM bid and that's that. Just like those that attend real auctions - they know what their maximum price is and (if they've any sense) they stick to it. No point in me going on about how an auction runs - I'm probably sounding like a 'tw@t' telling you stuff you already know (but seem to be ignoring).
Myford Super 7 Lathe Serial Numbers List
If your feelings for the lathe are genuine and you really DO want to do the right thing by the departed relative then consider giving it to a good home and DONATE IT to the local model engineering club or somesuch. A museum even!