Auction prices

Rex Simpkins · Mar 20, 2018

Just a heads up on some auction prices in Harrington Delaware---- 3 tractors a 1953 Cub, 1953 Stage 1 Super H and a 1954 Super MTA. all 3 tractors had the best restorations I have ever seen I can not imagine how much time and money they had in the paint job alone.These looked like stuff I have seen on RFDTV auctions But here goes and I was surprised how low

Cub $2300
Super H $3600
Super MTA $6700

BarnyardEngineering · Mar 20, 2018

You mean best PAINT JOBS that you'd seen. Unless there's documented proof of what was done in the "restoration" you can only take it at face value. Shiny paint and new tires are only worth so much, and if the tires aren't new it's worth less than whatever that is.

Plus the antique tractor hobby is losing momentum, commodity prices are down, etc..

Still, those are pretty healthy prices for those tractors.

Rex Simpkins · Mar 20, 2018

Yes, Maybe but I have been fooling with these things for close to 40 years and I am saying that any museum would have been proud to display these tractors. No one in their right mind would
do that kind of paint job on a piece of crap. I wish I had taken photos but around here those are weak prices. I was going to bis on them but to be honest it would not have been right to buy
them as I can not store something that nice properly

gab · Mar 20, 2018

I wanted a SMTA. I went to an auction that had a refugee from a junk yard, just plain junk, thought a couple hundred bucks ought to buy it. I never got my hand up to bid, went for $3400. Pure junk. This was in 2008.

BarnyardEngineering · Mar 20, 2018

MTA prices are down. The fascination has worn off. There's been one on Craigslist for a couple of years now for $3200. Runs, but "needs a battery box and brake work." There it sits.

Wicksfield · Mar 20, 2018

I'm afraid we are loosing our market for the older tractors. The older guys already have what they want and the young guys have no interest. Like a Model T....who wants one of those things? My wife was in the antique business. She saw the same thing....the old folks got what they want and the young could care less.

NY 986 · Mar 20, 2018

In my mind those are pretty healthy prices for tractors past their peak in collectibility. Sad to say but in the next 20 years they will come up faster for sale than there are buyers for them meaning they will start going for scrap eventually.

dgoodman2 · Mar 20, 2018

I would say those pretty good prices even if top notch. There is no demand for them. I believe I can see a definite decline even in number of post put on this site verses 8 years ago when I joined. Very little interest compared to then. The super M I'm restoring now will probably never be worth more than the 2500 I paid for it regardless of what I spend on it. All sad but true. I'm 46 and I don't know anyone less than 70 who has any interest.

Old Farmall Fan · Mar 20, 2018

Are prices dropping for all older IH tractors or is this only with the letter series and older? I think the appeal for most people is directed to the tractors they grew up with. Are the 06, 56, 66 and 86 models still desirable?

Wicksfield · Mar 20, 2018

Old, I would say prices are holding steady or dropping on the older IH's. I do know that open station 1066's and 1466's are on
fire.

NY 986 · Mar 21, 2018

From where I am sitting unless something has a low production number count even the 1960's and 1970's tractors are not growing so much like they were a year ago. Guys who were around 20 years old when the 1970's began are in their late 60's now which is when a lot of guys are on retirement income so they can't afford to buy and restore like they did. Then there is the matter of health and moving away from the country into town where you lack the space. Thankfully. I am a bit younger than that so I have a chance to do something although the crowds at the shows will be getting smaller.

Pilot Charlie · Mar 21, 2018

This may be good for me as I grew up driving in the late 40s and 50s and have just started collecting some of the tractors I grew up on. Got a couple F-20s ,superM, a C and looking for an MD or SMD. May have found a decent MD. I don't want show room but decent as they will be like what we used and I intend to use them some..

BarnyardEngineering · Mar 22, 2018

It doesn't help that farm prices are depressed right now either.

When corn is $8 you can afford to go out and run up the bid on a clapped out old M to $4000. At $3, not so much.

The market's only going to shrink as time goes on. Eventually only the really special stuff is going to bring good money. The rest you'll be able to get for scrap price.

FarmPastor · Mar 22, 2018

(quoted from post at 18:55:03 03/20/18) I would say those pretty good prices even if top notch. There is no demand for them. I believe I can see a definite decline even in number of post put on this site verses 8 years ago when I joined. Very little interest compared to then. The super M I'm restoring now will probably never be worth more than the 2500 I paid for it regardless of what I spend on it. All sad but true. I'm 46 and I don't know anyone less than 70 who has any interest.

Ah, fret not. . .There are some who still love the old stuff the best. In my area of Alabama the upcoming young farmers are seeking out the older equipment. The issue there is there are fewer farmers as well.

Auction prices

Rex Simpkins

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BarnyardEngineering

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Rex Simpkins

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gab

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BarnyardEngineering

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Wicksfield

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