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Metal cutting lathe, $4000, White City, SK

Is it me or the guy has in the tailstock two drill chucks, one in the other? And the 2nd one does not seem to be much smaller than the first... strange!

Does not appear to be a tap attachment.
 
Looks like he is just storing one in the other.

Looks like the lead screw is damaged and the tailstock looks homemade.

WAAAAY overpriced IMO.
 
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