This is nothing more than a locomotive set chassis in a wood case. I think I have a couple. I did NOT pay much for either of mine--NOTHING like this !!

http://www.ebay.com/itm/General-Electric-1949-Table-Top-Television-Model-821-Rare-150-Watts-60-Cycle-/291166482425?pt=Vintage_Electronics_R2&hash=item43cadfeff9

"It does work"

*no pic of it working* ;)

Nice clean TV though!

Mine has a rectangular mask, which seems to be rare. I got it for nothin'. :)

Probably watched American Pickers and thinks it's worth a fortune. Those shows really annoy me, but that's another story....

It's a model you don't see often, but that doesn't mean a high value at all. Depending on the area your in, I'd say $150 would be tops for it. Even then you would need to know that the CRT tests okay.
I paid way less for a perfectly working classic "locomotive" bakelite version in nice shape.

I MIGHT give him $72.50 for it..