Not sure about those valuations - what dealers ask for stuff and what it sells for are often quite different. Going rate for a good Altex with spare spool, toolkit, Rexel box and papers is about £150, maybe £175 for an outstanding example. Most reels display some wear to the finish, and rarely come with all the original bits and bobs, so £70 to £100 is nearer the mark, assuming it's all in working order.
As for usability, the Altex is one of the more user-friendly of the vintage fixed spools, and was one of the finest available until the Mitchell arrived. I had the middle-sized Altex 2 for many years and landed some fine fish on it, including double-figure carp and barbel. I sold it fairly recently (for about £60 I think) as I hadn't used it for some time, preferring to use Mitchells for my general coarse fishing. The Altex 1 is the smallest, and doesn't suit lines above about 5lb bs; the Altex 3 is larger capacity and was designed for heavy salmon/pike spinning.
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