$1700, which is a little high for that machine, but it's rare that you see one restored like that. A 60-year-old model with all original hardware is still in the $1200 range easy with comparable tooling.
I have a larger plan in mind for this...by my estimates, at work we probably spend 10k a year on outsourcing lathe operations. My property is zoned commercial so I'd have the ability to establish a legit LLC and operate it out of my garage. And to be honest, one of the biggest PITA's I have at work is finding machine shops that are reliable, accurate, and timely. Ideally I'd sorta like to start an LLC and do the work I know needs to get done, get paid fairly for it, and have the machinery to do my own projects too. I could probably make the investment back within a year or two, not counting anything else that comes up along the way.
It's a gray area I'd have to bring up with my manager...how much 'design' work I'd be allowed to do on company time, conflict of interest stuff, etc. But it seems like something I could pull off pretty easily.
What I'd expand it into would be a consulting sort of operation, because I know how to do far more than I can supply from the company I work for - in essence, I'd be selling my own product to myself to be packaged into a bigger project. Again, not sure how the legality of that works out, but I don't think it's unreasonable.
But anyway - that's why I'm actively pursuing equipment purchases...