I have an opportunity to purchase as Bamford-Chase 12x54 lathe. I only have the one photo of it. It has a vfd installed and runs on 220 power. The owner doesn't know anything about it and I have not seen it in person as it is a few hours drive away. He said it says Portland Oregon on it. I am wondering if it is toolroom quality and a precision lathe. I am told it is in great shape and shows no signs of wear. I can't find much info on it. He told me it weighs about 4000 lbs. any info or personal experience would be greatly appreciated. Also is $1,000 fair for a machine like this. Also it was made in 1945. Thanks.