The red band wrapped around the middle section of the machine is a scrap of fabric used for a pincushion. My mother had a bright pink one sewn around her treadle Singer machine. She wrapped the fabric around a few times, then hand stitched it to keep it in place.

You wanna know whats sad. Someone who doesn't know anything will buy it thinking they got a great buy.

Wow, that is a lot of money. He has high hopes.