That's beautiful! I think you made a good purchase.
I started with a drop spindle, but quickly tired of it and bought a spinning wheel. Unfortunately, I still have yet to dedicate much time to it because I'd rather knit than spin at this point. But I have cleaned, carded and spun a good amount of wool in the year or so I've had my wheel. I'm currently trying to get the hang of spinning 100% angora, but sadly, I mostly succeed at only making small bits of yarn and a lot of fuzz. Wool is much easier to spin. *sigh*
Good luck with your drop spindle!