Well, red rust is very fashionable, after all. Should clean up pretty well with oil and maybe a stone, but sheesh - can't the guy at least wipe it down to get the mass of rust off? Looks to be surface rust for now, but it's obviously been stored outside. Wonder how the motor is.
I would say that the description is ironic rather than dishonest. The starting price was perfectly honest.
It also looks to be in better condition than my drill was when I picked it up from Jon Stevenson. On this one I would put the table and base on the shaper and skim 15 thou off to return them to perfect condition. On mine, I had to weld up a large number of craters and then machine the table and base flat and skim the rust off the column. I paid £65 for mine so this drill will probably reach a fair price.
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