Yeah, shame to see a nice machine rusted up like that, would have been easy enough to put a coat of grease or something on it.
"Sold For parts" - wonder if its really broken down somewhere or if just the rust places it into the "parts machine" category.
If its just the rust holding it back - might not be too bad, buy a couple gallons of Evap-O-Rust and a few scrub brushes.