Don't shoot the messenger, but I think Stu is closer to the ballpark. Two factors jumped at me... only 3/4 horse, yet 240 volt, and poor speed control (I rarely start a bowl over 500 rpm, and sometimes much less than that). My shop, and most that I know, put in special wiring for 240 volts to support a specific machine. If the motor cannot be rewired for 120 volts (almost any 120 volt outlet can handle a 3/4 horse motor) then the buyer will have a significant wiring expense just to use the lathe.
The question you need to ask yourself - if I had $1,500 to spend on a lathe what would I get? My Nova DVR (pre XP but basically the same) costs $2,000 but goes on sale about once per year, so is close to $1500. Digital speed control (easily gets down to 250 with lots of torque even at that speed, and the newer versions go even slower), and goes faster than I want even with spindles. Runs on 120 volts, yet without belts (direct drive digital motor) has the equivalent of about a 2 hp lathe. One review started that "This is not a good lathe," but continued "this is a great lathe." I agree, and would buy it again in a heartbeat.
Given that I am spoiled by a DVR at close to $1,500, how much less would your lathe have to be to make me buy it? A lot less, even though I am sure it is a sturdy, quality unit.