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Originally Posted by Paul Knaack
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That's one of the old exclusive Philco 3" record players that played 3" 45 RPM singles they aren't very common but you can still find the records yet every once in a while on ebay. They were the answer to the "portable" record players so that you could listen to records of your favorite musicians back in the 1960s (like the Beatles and Eagles and more) without having to lug a suitcase sized "portable" with you, they were usually powered off 2-4 C batteries.
$50 from what I've heard is actually quite reasonable for one of these because of how rare these are.