I'm not sure what is "low", and what is "fair"...
That seems to be all over the map, depending on the commentator and how far back their experience goes...
If I found a Victrola XI in functional, presentable condition ( ready to put in your house, after some moderate cleaning / polishing ) for $300 or less, I'd think that was fairly reasonable...
I get the impression that some folks who've been at this for a while would think that "high" for such a common machine...
Generally, a soft market is "good for the buyer, bad for the seller"... I guess it depends...
I have yet to sell a machine ( or any other collectible, to my wife's dismay

)... so I'm not in the hobby to make money, but by the same token, I don't want to be terribly "over-invested" in any given machine...
The other week, I brought home an early Credenza, a two-door. It was missing the taper arm, soundbox, and serial plate, the front bum feet shed their font laminations (have the pieces), grille cloth is irreparably torn

, and I think one of the springs is broken. The cabinet & finish will clean-up decently, I don't anticipate refinishing. I bought a correct, nice arm on e-bay for $105 after S&H, the trip to fetch it took about a ½ tank of gas ($30), I'll probably spend another $150 on a soundbox, and who knows how much for grille cloth, then my time to fix the spring and make it look nice. I paid $350 for the machine, so I'm almost up to $600 invested... which is probably the max this machine would bring if I sold it, given that it would no longer have the original grille fabric and no folders.
Your mileage may vary... ?
