Well, a contrary view. I've been in the hobby since the early 60's and I drooled over the Empire TT's at the time. My first cartridge was an Empire 2000 EIII.
Restoring one of these is like restoring a 60's sports car; you gotta have a love for it.
I don't think of it as a candidate for starting a record collection. A brief look at Ebay shows values today between $100 and $750 for Empire turntables of various hues in various states of repair - but no 498's. If you can find a local hi fi repair shop of the vintage type and someone to advise you you'll learn if you have a treasure or not.
I wouldn't do anything other than sell it.
Just my two cents.
Restoring one of these is like restoring a 60's sports car; you gotta have a love for it.
I don't think of it as a candidate for starting a record collection. A brief look at Ebay shows values today between $100 and $750 for Empire turntables of various hues in various states of repair - but no 498's. If you can find a local hi fi repair shop of the vintage type and someone to advise you you'll learn if you have a treasure or not.
I wouldn't do anything other than sell it.
Just my two cents.