That is quite correct on places like eBay and such but I have never paid that much. The last three or four that I purchased came via general auction for very little coin. I will only buy machines that show signs of having being kept well oiled. Running spares are freely available.These 29k Singers used to be cheap now they are going for $500- $900 .That was made at a time when they wanted things to last ,and there basically over engineered . Go past any tailor or dry cleaner repair and alterations ,the machines are old and the paint is worn off . They would never give them up for a new one that I know .