Your Father sounds like he had it going on, nice.
Market value? Working, its still a potent little model. Without a need for it your on your own.
Not much trouble shooting information in the ULD manual.
http://velodyneacoustics.com/pdf/uld/ULD-12Manual.pdf
George Meyer AV in Los Angeles CA has been and may still be an authorized Velodyne GmbH repair center.
https://www.georgemeyer-av.com
I purchased my first Velodyne subwoofer, a ULD 18 in 1984 replacing a sub from a Southern California Co. who designed a servo circuit with the sensor attached to a driver with minimal modification to the speaker. Velodyne’s David Hall proprietorially designed a driver motor around the servo resulting in faster reaction and loop timing with measurably lower distortion. The difference was not subtle. Still using DD Plus.
With the exception of Velodyne home subwoofer hindsight the down firing cabinet and room location suggestions remain an after thought for the home HiFi community, not so in the recording industry. I ran my ULD on its side atop two old Boogie boards located along the wall positioned within the rooms standing wave mode.
Good luck with it.