The place was on the edge of a small grassy air strip named Lindbergh field after the infamous pilot who had once stopped there to fuel up. Attendance was very low which made me very happy.
At the beginning of the auction, they announced that this was a cash only auction.
My happy heart sank. No cash. No checkbook. Just good ol' VISA. Luckily, my Dad had a wad on him.
Needless to say, stuff was going for peanuts. In some cases, less than peanuts. I saw a Cincinnati lathe go for $10.00.
In fact this mill, complete with a ton of tooling, indexing head, lathe attachment, horizontal head, and blah blah blah... $10.00

So as for me, I intended to bid on an old 32" Crescent bandsaw, but in the corner of the shop was a sweet old metalworking lathe and it was beautiful.
The bidding went down to $20 before we got in on it, and the final bid?... A whopping $100. I got the whole corner of the freakin' room for $100.
Lathe, pulleys, tons of tooling, steady rest, chucks, taper attachment, about 1.5 tons of raw stock (I need some Vidmars now, crzypete), and a hole lot of "I have no idea what this is's".
I forgot all about the bandsaw. And man, I shoulda bought more stuff!
So it is a David W. Pond lathe made in Worcester, Mass in probably the late 1800's.
Here are some pics (after we stripped the corner of all the tooling and a bunch of attachments).




And here are a couple unloading pics...


So here it will sit until the shop is ready. If anyone knows anything about these Pond lathes, please let me know. The most I've found is this sweet article about the Pond family and Machine Company. Boy was his Dad a sketchball.
I did figure I'd check it's accuracy and, as Richard Newman would say, it was "Dead Nuts". I guess you just can't beat old iron. Let the cleaning begin!