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pricing for a 1940's oliver 159 wood lathe?
i have a 1940's old oliver 159 wood layther.it is belt driven wiht an electric motor on a hinge. someone wants to buy it but i cant find anything on a price. it is in ok condition it runs fine. jsut needs some oil and a little wire brushing and paint. can anyone help me out.
thanks so much
I don't know the model of which you speak, but I would personally not pay more than $150 for any lathe that old, regardless of condition, and to get that money it would have to be a very attractive lathe indeed. It's just too easy to find a much newer model on the used market in that price range.
I don't mean to offend, but on craigslist and such, at least where I am, there tends to be a lot of sellers who think that because their tools are old they are somehow worth more, as antiques or something. They are not, they're just old, because woodworkers are normally looking to use their purchase, not put it on display, and all that matters is its functionality.
In your spot, I'd base my decision on the buyer. A friend? A relative? A good home for my beloved tool? I'd nearly give it away. To a stranger or someone I think is just going to turn around and sell it again, I might ask $250. You can always haggle if they totally balk.
Hope all this rambling helps. 
My first lathe run
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