"What drove this price up, is greed on both sides of the sale ...
The seller could have stopped it. "
That is utterly ridiculous. What seller is going to "stop it" just to prevent rising valuations??? You can't tell me that YOU would stop the bidding on an item you were selling at auction... No one thinks like that.
I ran a super nice G-708 up to $20k at a sale a while back - and it was just because I wanted it and they are hard to find.
Should the seller have "stopped it" at a lower price?? I was second high bidder - and I was happy for the family selling and the collector that had come from halfway across the US to the sale.
Should I have tried to con an aging family member out of it for $3000 or $4000 beforehand???
I guess that would have "stopped" the price inflation, but who would you be calling greedy then??? Anyone conning older folks out of something like that should be thrown in jail - and I wouldn't have been able to even look at something like that in my collection knowing I had scammed someone to get it, much less enjoy it...
All a price is - is the balancing point between how bad the seller wants to hang on to something compared to how bad the buyer wants it. If there is a point inside those ranges that overlap - there might be a sale.
If there is no overlap - no sale.
I've got quite a few collectibles out at the farm by now, but its just because I like to tinker with them and preserve the history. I enjoy my $50 MM wheat drills as much as my rarest tractors. Most of my personal collecting buddies feel the same way, so "greed" doesn't have anything to do with our enjoyment of the hobby...
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Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
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