A jet 9 x 20 with the stand, if its in decent condition, that a fair price. I know my opinion isn't worth much, but I think that's a great starter lathe. big enough to learn some basics with aluminum, plastic and light passes on steel, and can be used in small spaces.. I had the Central Machines version without a stand, I really wanted the jet thou. Its quite literally a huge jump from a 7x14 lathe in size and ability.
There was a whole modding community dedicated to the 9x20 lathes, The compound slide was the weak point on them, but there is a mod for that too..!
I think 1500.00 was without the stand Mikey... A new jet with stand today is $3000,00 now...