Versus buying a new phono stage at this price, this asks for a lot of money, but within the used Shindo market it is clearly ambitious rather than outrageous: £14,000 sits above the £12,518 75th percentile and well over the £7,356 median, though not wildly beyond the upper band. For a buyer, that means you are paying top-end money and should expect top-end presentation, provenance, and condition to justify it.
That said, Shindo phono stages have a strong following for their saturated tone, dimensionality, and very natural flow, and this one’s built-in MM/MC stage makes it especially appealing if you want a serious analogue front end without extra boxes. The upside here is simplicity and rarity, especially if it’s been carefully kept and comes complete; at this level, service history, valve health, and originality matter more than cosmetic niceties.
Independent perspective — not a price guarantee. Always verify condition, accessories and provenance before purchase.