That is a clean, original, vintage drill press! If the seller is for real and it really doesn't have many hours on it, $450 sounds pretty much in line. There's not gonna be alot of buyers at that price so if you're considering it, I'd offer $300 and see where it goes. The only thing it doesn't have is the speed reduction setup, which would be nice.
I actually have one that I paid, I believe $150 for. I gave it a restoration and I use it alot. Very pleased with it. The one your posting is a quality piece and in that condition will probably out live you!