Auction Price

showcrop

Well-known Member
A friend recently bought a "restored looking" GP with new tires and a big set of mounted cultivators for $3500. People were saying everything went low. How does that price sound?
 
Well the ones I see sell would not even bring that. The older letter series JD tractors are falling off in value. They have to be something rare to bring the big money they used to.
 
I think there are a couple reasons for that JD Seller,,one is that a newer generation of collectors have moved up to want the Newer Gen Tractors,,the other is the price of crops are down and the "Disposable Income" is lower.....There was a large sale near here yesterday The Don Wood Sale,he had 175 or so units,,I have not heard any results on it yet, and I don't think the auctioneer has a web site that post them,,I will have to wait till the coffee shop opens in the morning to know more...
 
I agree with Tim that many of our true TWO-Cylinder enthusiasts has moved on.Even the NewGen collectors that had them new are 70+ like in my case.Many think the GenII is the next thing especially true open stations.One thing I believe is the true original low houred tractors still top the market. I was at a sale 6 years ago that 4 IH[2- 1206/1256/1456] tractors that had been restored to a high level and were all very nice that sold for $30K each and were put in a nice shed covered up and hardly used for an investment and just sold on Big Iron last week and lost about $45K.The one thing about an auction is the last bid buys it but it costs you more if you want to be the buyer so you really don't know until its over what final bid it would take to be owner unless you are the last bidder. $3 corn doesn't help and it doesn't look real good for awhile.I just priced a new combine[ $553K] so mine will have to keep working.The roll price has went from $10K for a 9610 several years ago to around $70K.I am sure you could lease one for $20K with out heads from Machinery Link but they are out of business.
 
Prices on common tractors went up a few years ago in part because of a response to the rise in scrap prices and when the price of scrap fell, it was only reasonable for prices to fall along with them. While some may bemoan this, I think it is a hey day for the hobby. I've added a couple to my collection because of lower prices and what I'm most enthused about is the sheer number of people in their 20's becoming very enthusiastic about the hobby in my area. A few of them even started their own threshing bee for a day with a separator hooked up to a two banger and other ones, including a MC, hauling the trailers with bundles.

The hobby being affordable is the key to get more young people interested.
 

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