Wow, that is a huge price! I have one that my son's girlfriend (now wife) was taking to the thrift store or the dump because it didn't sew well!!!! my son brought it to see if I wanted to play around or display it and all it needed was a good cleaning, oiling and the needle put in and threaded properly! Its the only machine I use for piecing and it is a dream but I had no idea of cost before today!!!