The Summits are a Bulgarian made clone of the Clausing Colchester and as a couple others said it doesn"t get much better than that mark. Mine was new somewhere around 1998-9 and was 21K then, rated 16x60 but swings 20" over the ways. Hard to say what one would st a person back now but obviously out of line with most peoples hobby lathe budgets. Used ones I have seen bring big bucks too. If you can find a similar Clausing in good shape you will like it, that is for certain.