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Antigue tractor prices down? Hold your horses on that!

N

NY 986

Well-known Member
I attended an auction near Rochester, NY this morning. Farmall 240 straight good paint 3,100 dollars. Farmall 400 recent paint job, power steering, excellent rear tires 5,400 dollars. Farmall 350 NFE, FH, looked original 4,200 dollars. Other tractors........ Steiger 1000 decent tires and duals 16,500 dollars. IH 666 with D360 8,700 dollars including loader. Been a number of sales west of Rochester earlier this year but this is the first in my part of NY.
 
Must be. Or not everybody took a beating on milk, corn, or soybeans last year. Things did well this morning but there are getting to be fewer and fewer sales area wide so fewer opportunities for those who prefer to shop locally.
 
The antique tractor hobby (and market) has collapsed. Neither will be revived.

Yes, there are and will continue to be anecdotal exceptions.

Dean
 
The rest of the story . Farmall 240 was a two owner tractor. Farmall 460 straight sheet metal clamshell fenders worn tires $2800. IH1486 fwa $10000,1566 open platform $9500,
ROPS 986 $7500, 856 Hi-clear w/ sprayer $8500. Deal of the day,6788 decent shape but needing a steering pump $4000.
 
There's a consignment sale coming up here two weeks from today. Pictures of several of the tractors consigned already came right from the CL ads that I've been seeing for them all winter. The jockeys must be tired of holding on to them.
 
Something was off on that 6788. The way I see guys carry on about 6X88 tractors I was sure that was going to bring more than 4,000 dollars worts and all. That was not bought locally new so the lack of known history may have made the bidders extremely cautious.
 
I went to an auction today pretty nice Farmall 340 with wheel wts front and rear,fast hitch with 3 pt adapters $1000.Did you get the name of the back up bidder on the 240? I have a
IH 240 Utility with brand new tires on the rear,extra good sheet metal,fast hitch with 3pt adapters.Does have a bad high gear not selling at $1000.
 
Pirrung Auctions of Wayland held the sale just south of the village of Victor. I usually check the website of the area auctioneers every other week.
 
(quoted from post at 13:14:16 03/23/19) The antique tractor hobby (and market) has collapsed. Neither will be revived.

Yes, there are and will continue to be anecdotal exceptions.

Dean
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Problem is the antique tractor market is getting double tapped right now. There are less people with an interest or connection to "old" tractors. At the same time more and more "old guys" are selling off their collections and flooding the market at a time when demand is rapidly decreasing.

Interesting to note that while old tractors have fallen in value. The Deere New Generation, IH '06 & '56 etc. Have cautiously climbed in value. People want what their dad, uncle, etc. had.


Sod Buster
 
Prices are down, I sold this 2N Ford yesterday for $1500 and the International Cub this morning for $1500, not much interest in the vintage iron any more in my area...
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If you guys want to know how 'tractor rich' you are, look at Charlotte NC craigslist.

I guess it depends a lot on location.
 
there is a JD collector near me he had 2 cyl 30 series and a few rare 2cyl models he sold the whole collection last year he told me the value is going down on the JD tractors. the 06 and 56 series IH are going up in value around here. there is some intrest in the 66 series. and for some reason the 1086 is selling well also.
 
Running n fords are close to 500.00 here. Everything else is down too. WD45 AC around 1200.00 to 1500.00 down from 2100.00 to 2500.00 2 years ago. I bought 2 -2?12 ford plows that would have been taken to the garden. Gave 15.00 apiece for them. A 6' tandem disk I think was 12.00 that would have worked. All went to the scrappers. Got a consignment auction coming up next week will be interesting to see stuff sell.
 
I buy all the drag type disk harrows I run across that will work at all so I have enough to leave them and a cultipacker at each deer plot I have so I don't have to drag equipment in every time.Usually $150 is my limit most I get for under $100.
 
(quoted from post at 21:33:13 03/23/19) Running n fords are close to 500.00 here. Everything else is down too. WD45 AC around 1200.00 to 1500.00 down from 2100.00 to 2500.00 2 years ago. I bought 2 -2?12 ford plows that would have been taken to the garden. Gave 15.00 apiece for them. A 6' tandem disk I think was 12.00 that would have worked. All went to the scrappers. Got a consignment auction coming up next week will be interesting to see stuff sell.
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Where's that? Never never land?

Here if you can get 800-900 for a letter series AC or WD45 you better take it. And I just sold 2 8Ns. Fair rubber and sheet metal, both run good. Got 1500 each.

Brother in law sold a decent looking AC C, nice rubber and good paint last fall. He finally took 400 for it just to get rid of it. Before the market tanked that would have been 1500. At that time a running N series Ford here brought at least 2000 in overall poor condition.

Here the plows and disk? Usable 2-12 with coulters is 300. Usable tandem 5' disk is in the 500 dollar range. Here folks are not buying those to display at a show. They want em for deer plows and gardens. On the other hand the collectors have driven the price up to the stupid point for IH fast hitch, AC snap coupler and Case eagle system implements.

What did you do? Scare yourself half to death on a Ford that was poorly maintained?

Rick
 
Prices are down, I sold this 2N Ford yesterday for $1500 and the International Cub this morning for $1500, not much interest in the vintage iron any more in my area...
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Do you think the 12v was a plus , minus , or neutral as a selling point to the buyer ?

Do you think people are buying them to restore or use as is . The reasoning is , if they want to restore one then a good pressure wash would do . If they plan on putting it to work then they may want one that looks better when their wife ask " why did you drag home that piece of junk "
 
(quoted from post at 07:00:15 03/24/19)
Prices are down, I sold this 2N Ford yesterday for $1500 and the International Cub this morning for $1500, not much interest in the vintage iron any more in my area...
Click to expand...

Do you think the 12v was a plus , minus , or neutral as a selling point to the buyer ?

Do you think people are buying them to restore or use as is . The reasoning is , if they want to restore one then a good pressure wash would do . If they plan on putting it to work then they may want one that looks better when their wife ask " why did you drag home that piece of junk "
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From what I've seen here it depends on the buyer. Someone who's a "rivet counter" the 12V system and alternator devalues a tractor. Someone who knows working tractors will think it a benefit and then you have those who just don't know.

To me? A user? Who want's the tractor to start, run and perform work with a minimum of fuss and bother? I'd want the 12 volt. Collector I know will try to talk a seller down if it's been converted.

Rick
 
The Trufant consignment auction Bob. There aren't any pictures on the site I linked to,but if you click the Facebook link from there,there's a lot more listed and there are pictures.

Are you coming up to Sheridan for the toy auction this coming Saturday (March 30)? That one's by Pioneer Auction Service out of Vestaburg. There's a link to it on the Memorabilia Forum.
Link
 
I know for me for a user I would not want it converted. If could be converted to a 12 volt generator that is different than converted with alternator.
 
(quoted from post at 15:35:24 03/24/19) I know for me for a user I would not want it converted. If could be converted to a 12 volt generator that is different than converted with alternator.
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Well each to their own. To me the whole point of a conversion is reliability and as maintenance free as possible. Add in the added cost of decent 6 volt batts, lack of reliable VR's? Nope and alternator, 12 volt and EI.

Rick
 
I have been trying to sell a real nice 400 with a wide front and power steering for 6 months fo 4000 and haven?t had a call must be location.
 
When we had to carry extra EI boxes to change on the road that killed them for me. Never had a problen with points. Had the truck for years before found out it had points instead of EI.
 
(quoted from post at 19:00:02 03/24/19) When we had to carry extra EI boxes to change on the road that killed them for me. Never had a problen with points. Had the truck for years before found out it had points instead of EI.
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Last set of points I bought (Standard Ignition products) was defective right out of the box. I've converted 3 tractors to EI, the last one several years ago and haven't had any problems at all.

You can get 6 volt EI but from what I've been told they are real sensitive to voltage drop.

Rick
 
. Antique tractor prices here have went the way of Model T and Model A Ford prices . They don’t mean anything to anyone any more .
 
There will always be a market for NICE antique tractors. The tractors at this auction were straight, tight, and ran well. Even the fast hitches were solid.

The 240 needed axle bearings and seals. That was the worst obvious issue with any of the antique tractors.

We're also talking about Western New York here. A $5000 tractor out in the midwest is a $10,000 tractor here. None of those big tractors were anything to write home about. They were used and used hard. Better maintained than most, but most of you guys out West would question the sanity of the people bidding on them, even the 6788.
 
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