We do stupid, except we call it an art. When its correct, its planned, when its a %$^% moment, its a design element.
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That lathe is an General 160 Made in Canada, they are are a good solid lathe. Price on that lathe new is 3500.00
http://www.general.ca/pg_index/Promo...1_ENG_1-16.pdf
General uses meehanite castings in the Canadian machines.
http://en.wikipedia.org/wiki/Meehanite
Her is another link to specs.
http://www.general.ca/site_general/g...e/16018-2.html
These lathes will sell in the used market for 1200.00 to 1600.00 range parts are easy to get, and general is a good company to deal with.
more info on this site to meehanite castings.
http://www.sawmillcreek.org/showthre...e-unflat-table
I have the General 260 the big brother to this one. Hers is a link to my lathe.
http://home-and-garden.webshots.com/...11532070CwjRuM
Mike, not to argue, but the 160 in question, per Jeff's OP, has a 12" swing. The $3,500 lathe that you linked is an 18" lathe...big difference.
As for their market value used, I am not an expert.
I pulled out and old VHS tape (1985) of "Bowl Turning With Dale stubbs."
http://www.amazon.com/Bowl-Turning-D.../dp/B0001KNH5Y
In that video he uses a lathe that looks a lot like the one in your photo if not the some one.
Not sure if the video in the link is the same from 1985 or an updated DVD.