I can now report that we bought the 1440 Busybee lathe from the GovDeals website at 4:50 pm for the minimum bid of $3500. It will only take about 10 to 15 minutes to drive it home versus 10 hours for the lathe we'd been considering in Windsor at nearly the same price.
It is new old stock, meaning it was purchased by Durham Region transit for their bus service depot, however the lathe operator went out on disability for 18 months just after the lathe was acquired. It had only been used a handful of times and still has cosmoline on most of the parts. The management locked out the lathe when they discovered that no one else in the shop was licensed machinist. It was never put back in service and just sat there.
All in it was $4200 which does not seem like that great a deal... but it is much much much less than he offered for 3 different Colchesters recently, less in the end than the Windsor Chien Yeh 405Gx1000 once you added transportation costs. Thanks to
@Dabbler's comments about some Chinese lathes I was able to convince my brother to inspect this one....
OH and the golden rule is ALWAYS inspect a lathe because you never know what surprises you may expose.