A collector
might pay that much, but it does look like it is missing a few bits and pieces. Seems pretty high to me. I might go for maybe $100?
Hard to price some thing without putting hands on. if the quill/spindle area needs attention it's probably all Babbitt. so that would need re-done which also means making sure the spindle winds up perpendicular to the work table. Not a simple task.
How much wear on those exposed gears? Is the motor operational, and is its insulation in good shape inside? What does it run on - single phase or three? All open questions, and probably just the tip of the ice berg...