In Utah, I don't know what you can do locally. In the SF Bay area, $1000 would be cheap if in top shape and a lot of tooling. The age doesn't matter but the condition means a lot. A big factor is how much tooling you have. Two chucks (3 and 4 jaw), two steadies, drill chuck, centers, and the like would help. Do you have the vertical mill attachment? If you have the Emco rotary table and vise, that's adds more.
If you want absolute top dollar: Clean it up (but don't paint anything) takes a lot of clear, IN FOCUS, pictures of the machine and all accessories, write an honest description, and put it on eBay. I've sold two lathes that way and got $1000 more than I expected in one case, and $500 more in the other. Each time I've upgraded, it's cost me nothing. A Compact 8 is not THAT heavy, and it wouldn't be hard to build a crate for shipping. Once you open it up to the whole country, all you need are two people that WANT it, and the bidding can take off.
So many people put up one or two crappy pictures of a dirty or badly repainted machine and try to get thousands of dollars, that a well-presented lathe from a careful owner (and not a dealer) will look very desirable. Most sellers don't seem to realize that if you are asking someone you don't know to send you, say $2000, for a machine, you should go out of your way to make them comfortable with the purchase. If you do that, you'll get top dollar and have a happy buyer.