Inherited Myford ML7 valuation

A friend has been left a Myford ML7 lather in her fathers will. It is quite old, but well maintained with lots of tools. Can anyone tell me where she could get an honest valuation with a view to selling it to a good home?

I've had the usual look on Ebay, but was hoping for an opinion from an enthusiast.

Here are some photos:

**LINK**

Hello Andy,

You don't mention any chucks, nor could I spot any in the pictures. It looks to be in fair condition but most buyers will want to look it over throughly and check for play, wear etc.Does it run?

I think she should be able to get a price better than £500, certainly I wouldn't expect to get it for less. There also seems to be a vertical stand of some kind [for threading perhaps] and possibly other things you haven't shown, they could make up the package for a really hard-nosed haggler.

Try offering it at £750 to see how it goes and suggest that she plays hard to please with frowning and sucking her breath in through her teeth like the proverbial plumber/electrcian!

Brian

Hi Brian, thanks for the relpy. I understand it runs ok, although I haven't seen it running myself. I'm also told that there are chuck(s) with it. I'll pass the info on - thanks again.

Edited By chris j on 05/02/2013 14:01:53

A good suggestion Chris, but you run the risk of getting a dealer in who will want to have it for himself to sell on and make money from it

Select your valuer with care!

Brian

Hi There

About £500 maximum.

regards David

True but someone experienced might be happy to judge the codition and list all the parts ready for fleabay.

My sentiments exactly. I was worried about my friend being talked into believing that its only worth £xx, selling it, and then the guy sells it on for a massive profit. When you don't know much about them its going to be easy to get ripped off.

The problem with anything that has the 'Myford' brand name is that most people expect a premium price for what is a fairly generic machine.

For a lathe of that generation and in reasonable condition, I would pay around £300 - £400 depending on any tooling, chucks etc included in the deal.

Myford are good but they have demanded a far higher price than they deserve in the past. As Myford no longer exist (in their original guise) the provenance of the machine is severely de-valued.

The Myford 'name' was bought out by a UK dealer however that does not give an credibility to the brand!

CB

Hi

This is a fairly old machine and, from the photos, it seems short on equipment - no chucks for example. I agree with David - unlikely to be more than £500 I feel and that will depend on wear and general condition. I suspect CB may be nearer the mark.

Regards

Norman

I know that I will be cast as a heretic, but would never purchase one, overpriced, In my opinion no extras, just look at the extras and variable speed can give you that modern machines offer.

Bob

Ok Bob

Take your point but what's that got to do with the price of carrots?

Andy was asking for a suitable price for the friend to ask when selling the inherited kit.

Regards

Norman

Hello again Andy

I have a friend, Myford ML7 owner x2, living in Chandlers Ford Easteigh who might be prepared [if asked] to look it over. Is that close enough to you?

Brian

CB,

I am curious to know why you say the "provenance" of an old Myford ML7 is "severely Devalued" just because the original Myford company has recently ceased trading. Provenance is usually understood to mean proof of its genuine origin; that can hardly have been affected by the company failure.

I agree Myfords were expensive, though they still IMO represent good value second-hand. To be fair though, the subject of this thread is rather at the lower end of the value range, and £500 would be the best one might expect to get. It may help the seller somewhat if he/she were to clean the machine and make it sparkle. No abrasives though!

David