Like others have said it’s likely working. Stuck collet. Bad bearing. Bent quill I find to be unlikely. Doesn’t show anny damage of falling over. Unless some one lined up and smoked it with a sledge hammer. Either way if it goes for less than 500 it’s still a great deal. Two people can pull it apart and carry it. I have a similar one and me and my wife brought out of one house and in to another basement in piece's. I would bid on it if it was in Alberta.
We had an almost unused South Bend 10K in our shop in Edmonton when I was posted in in late 1999. They loaded it, and a working Pantograph Engraver, in the bucket of a loader tractor, and the were 'accidentally dropped' going across the parking lot, so they could be clear of them. Pure waste. The pantograph, they just wanted gone so they were not stuck making nameplates and the like, the lathe, they figured was not worth keeping if it could not take a 35 thou cut off at 2000 rpm...
I did, however, pull about fifteen sets of Fonts for the Pantograph, out of the dumpster that eve. Found them appreciative homes!
One of the Supply dudes in the unit, that dealt with a lot of the disposal side, once told me over a beer or two, that he wished he did not have so good an imagination, as it pained him to see such waste, and imagine what good the materials could do in the right hands.
I have a low esteem for the Canadian Forces procurement system, and will state without malice, that it is well deserved! <spit>
If they ran the whole of the PWGSC Procurement system through a great big wood chipper, it would make the world a better place, save for whatever lake they dumped it in to...