Mecum Auction Gone Farming

Tom OConnor · Jun 5, 2016

Great sale yesterday in Lapeer, Michigan. It had to have been the best collection of vinyard and grove tractors ever to be collected. About 100 tractors in all of every make known to man. The Moline UDLX brought $200,000.00 and the UTOX brought $150,000.00. I understand that the same person bought both. All pictures and results will be posted soon on their web sight.

CaseChev · Jun 5, 2016

Wow......who are the buyers for these tractors at these kind of prices ? With the majority of farmers just hoping to hold on thru 2016 with hopes of maybe higher bean and corn prices ,where is the big $$$$ coming from ?

rrlund · Jun 5, 2016

I'd forgot all about that sale.

55 50 Ron · Jun 5, 2016

I suspect the big prices are from retired business owners who originally came from farm backgrounds, made excellent profits from their business, invested wisely, and sold the business for a big price and have more money to invest.

How far off might I be??

markct · Jun 5, 2016

I think they are antique collectors, doubt anyone is buying them to use for daily farming

CaseChev · Jun 5, 2016

Just to clarify......I may be a little slow, but I never stated or intended to imply that anybody would buy such rare collectibles to actually farm with. I do think it is fair to assume that a great many of the people who collect and/or antique tractors are former or current farmers or from an agricultural background, family or heritage. To deny that fact would be pushing credibility pretty far.

Hoofer B · Jun 5, 2016

55 You are probably correct. It is just fun money for them. Very highly unlikely that it is a young guy new to farming that needed a cab tractor for hauling manure in winter.

oldtanker · Jun 5, 2016

(quoted from post at 16:08:45 06/05/16) Just to clarify......I may be a little slow, but I never stated or intended to imply that anybody would buy such rare collectibles to actually farm with. I do think it is fair to assume that a great many of the people who collect and/or antique tractors are former or current farmers or from an agricultural background, family or heritage. To deny that fact would be pushing credibility pretty far.

That may not be true. Some tractors are so scarce that some people may buy them to speculate just because they can. Meaning they have the money to burn. Where an old AC WD45 or Farmall M may not gain much if any in value over the years extremely rare pieces will. But I suspect that someone with a farm background did buy them that isn't always the case. Especially when it's something like one of 125 built. They had that auction last year where one tractor was one of 6 or 8 built and one of 2 or 3 known to still be in existence. A speculator may well have purchased that one. They had folks world wide bidding on that auction.

Rick

gene bender · Jun 5, 2016

Thers lots of money around there are collectors everywhere and some of them are farmers.

1206SWMO · Jun 5, 2016

I think that you have nailed it..

T in NE · Jun 5, 2016

Good thing about tractors is its harder to clone them than it is a car.

Couple years ago Barrett-Jackson had more 73 hemi cuda's than were built in 73. (Or was it 72? Last year for the 426)

Investors got in the game and drove prices on anything you could cram a hemi into out of line. A rolling shell slant six valiant went from $3thousand to over 5, up to 6.

Mecum Auction Gone Farming

Tom OConnor

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CaseChev

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rrlund

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55 50 Ron

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markct

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CaseChev

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Hoofer B

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oldtanker

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gene bender

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1206SWMO

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T in NE

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