Oliver 1555 sold $29,000

So there was an Oliver 1555 it was either the first or second one made on an auction here in nd it was in rough shape with a loader on it and sold for $29,000 are they that much more important being the first or second one made
 
Was it a "Loader Special"? If so,there weren't many made. Fewer than the JD 4000s mentioned in Larry's post below. They were probably the most stripped down,cheapest version anybody offered in that era.
 
to someone or at auction two someone's.

in my opinion when someone asks that age old question "what's it worth " it's value is what any one person is willing to pay.
 
OK,yup,that started to ring a bell somewhere deep in the recesses of my brain. I thought I remembered Machinery Pete talking about it at one point,so I went to his website. I copied and pasted the following right from his site:

"Auctioneer Lee Halvorson with High Plains Auction told me, ?Pete, I've never seen anything like it. The bidding started at $5,000 with $250 bids. When it got up to $8,000 we jumped to $500 bids. Two guys locked in on it and wouldn't quit." Why was there such hot bidding? It turns out the 1555 ?Loader Special? was a fairly rare model made by Oliver.

My friend Sherry Schaefer, Editor of Heritage Iron magazine (www.heritageiron.com), provided this additional insight: ?These were originally sold from a dealership in Edgeley, N.D. They were a special combination of features, and Oliver would set them up for him if he ordered 25 at a time. The dealer (Anderson Bros.) were Farmhand dealers but they were also set up for Koyker and Easy-On loaders. He heavily advertised these ?Loader Specials? on TV and in magazines. They were economically priced and shipped all over, but sales originally went through him. After Oliver saw the success of them, they offered the same deal to some of their other dealers. There were nearly 1,000 of them sold just by three big dealers. Sold new, they were $3,995 and options increased the cost from there. They were primarily used on livestock farms and probably used hard, lowering the survival numbers."
 
Here's a link with a picture and more by the way. Doesn't say anything about it being the first or second one,just that it was the Loader Special. It was a 1970.
Machinery Pete
 
Just from my own recollection,they had no hydraulics,no 3pt rockshaft,no seat suspension,the power steering ran from a belt driven pump from the fan belt. The hydraulics for a loader came from a front mounted or a PTO driven pump.
 
I had a friend, when discussing auction prices, used to say, "The price is always too high except for the person who bought it".
 
I think Ive seen one or two of them in my area. I dont believe it had much if any suspension on the seat either. MM used to offer their Jet Star that way. "Order it stripped or fully equipped" was the sales pitch.
 
Looking at Pete's line up, as a collector I'd certainly rather have a one off MH crawler than the Oliver for the same price. I have a Kubota "Utility Special", and there's nothing special about it, IMHO. No shuttle, no remotes, straight 4 + 2 gearing.
 

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