I think we have to realize that there are shapers and there are shapers --- the Aamco, South Bend,Atlas and other toy size shapers certainly seem popular these days, they look great in a small workshop, but are not really very capable, so far as removing much metal is concerned; I do know that those prices are seen commonly, on the other hand, industrial rated shapers are not worth much, the bigger they are, the less they are worth, except for scrap value; my G&E 20-24 industrial universal (1957) is a great machine, but is it worth much of anything? the answer is NO. Having said that, I bought mine probably the better part of 15 - 20 years ago for $1100, but that is another story, and typing is slow for me.