Selling my Lodge and Shipley tool lathe, in good working order, it is a 16in with a 54inch bed,it is 220V 3ph, it has turn 18in with a face plate, comes with a little tooling, 3 jaw chuck and a 4...
That might not be too bad of a deal, but I'd want to hear it run in all the speeds and try to see if all the feeds work. I have run several L&S lathes similar, but early 1940s, they are good machines if not worn out like the ones that I remember from my apprenticeship. I would look for looseness in the spindle bearings as it appears that they possibly may be plain bearings since they have bolted on bearing caps. Would not hurt to make a lesser offer.
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