Tractor_Auction

sourgum · Mar 27, 2021

A classic tractor auction was held @ Davenport, IA this week. Here are what some sold for :
MM - UDLX - $ 205,000
JD 8020 - $ 185,000
JD 730 hi-crop $ 105,000
JD 5020 $ 68,000
IH 1468 M FWD $ 62,000
IH 1568 V-8 $ 63,000
I think this was a record sale price for a UDLX tractor & JD 8020. Did this auction signal a return to strong prices in future for collect able tractors, even for lower priced less well known restored tractors ?

caterpillar guy · Mar 27, 2021

Sounds like folks with more money than brains.

plowhand · Mar 27, 2021

It says some poeple have money for the money tractors regardless of the economy ...I've never seen those prices on those tractors...what was special about the 5020 to go that high.

jon f mn · Mar 27, 2021

Just saw a week or so ago that a couple 90 series cases sold for over $30,000. They are not even collectible, just nice low hour tractors.

sourgum · Mar 27, 2021

JD 5020 had been re-powered with different engine from stock. Installed was a Detroit 12 V 70 able to adjust to 400 hp, power shift trans , everything had been checked out mechanically, 30.5 x 32 new tires, new front tires, even get dual exhaust for the price. He may have gotten a stimulus check from Uncle.

flying belgian · Mar 27, 2021

If I didn't know you better I would say you are a lier. Almost unbelievable.

grizz02 · Mar 27, 2021

are you saying 18.500 or 180.500 ? no way its 180.000.00

super99 · Mar 27, 2021

I was there driving tractors thru the ring. I was talking to another member of our tractor club about the high prices. He said that $5 corn makes farmers stupid.

gtractorfan · Mar 27, 2021

On the other end of the spectrum on the tv show a couple of MM G1000's and a G 900 went for around $5,000 each which if they were decent mechanically I thought was cheap enough.

sourgum · Mar 27, 2021

JD 8020 sold for $ 185,000 thousand . Someone wanted the tractor badly. Things happen fast at auctions. 8020's rarely come up for sale. Sometimes rarity affects tractor value also, only 101- JD 8020's were built as I understand .This had the Detroit 4-53 or 4-71 whatever John Deere was using in 1960. Looked like it came off show room floor. Can't really explain it. Super 99 said some farmers go nuts over 5.00 corn. Our dollar is worth less every day , this may make physical assets (tractors) worth more.

1206SWMO · Mar 27, 2021

The 8020 JD sold for $194,250 with the buyers premium...The results are all on Mecums for anyone to see...

A Wallis Cub sold for $231,000.

The UDLX MM with premium was $215,250....That is a record price..

Eldon (WA) · Mar 27, 2021

Allis 160 LCG sold on auctiontime for $10,500 last week, if the runner up sees this I have one for sale....and a hi-clearance model too!

Veronabob · Mar 27, 2021

You have 2 types of tractors that attracted a lot of interest. The highly collectible models mentioned which are very hard to find and then another group of usable tractors. There was a collection of John Deere 3020 and 4020 tractors from SD. They were in most cases restored with new tires and paint. Most were Powershifts, and sold for $15,000 to $30,000. Look what a new one costs in that power range and these you can repair yourself. Good cheap dependable power. Same was true of 66 series Internationals.

There was certainly things that are hard to explain: A Massey 35 for $27,000, Ford 8-N s approaching $10,000, 350 Farmall at $25,000.
On the other hand a very nice Restored Graham Bradley was $3600.

Higher grain prices and a more positive outlook on economy after the Pandemic are factors as well. Same thing happened at Mecums car auction in Glendale, Az last week. Record prices.

Traditional Farmer · Mar 28, 2021

On the high end sounds like there are some collectors with very deep pockets moving into tractors like with cars.There are plenty of people around that could write the check for one of those tractors and never miss the money.

Hoofer B · Mar 28, 2021

...or maybe he knows something that you don't know. Do you think the guys who bought these tractors had to call their banker for loan? NO! So if they had $200,000 around to spend on a tractor, they must have done something right in life. It could have been a situation ...just because they wanted to or because they can. Maybe these guys have a net worth of $25 million and this is pocket change. One never knows. Let's see how much they are worth in 10 years.

Bruce from Can. · Mar 28, 2021

My neighbor was dickering to trade his 4500 he Fendt on a new one. New tractor was 320hp Fendt, and negotiations have stalled at just over $400,000.00. Money doesnt seem to have much hp anymore

Keith Molden · Mar 28, 2021

I could write the check for one of them as long as it never got cashed LOL.

Olyj1947 · Mar 28, 2021

Probably not a stimulus check but a PPP check. A young farmer down the road from me got a PPP check for $20,000 and he farms 290 acres. I saw the transfer!

Traditional Farmer · Mar 28, 2021

Me too.

1206SWMO · Mar 28, 2021

These days lots of the high end collectors are quite wealthy and lots aren't farmers...

Meangreen · Mar 30, 2021

I was watching a few tractors on the block at that auction and I thought the prices were much lower than what I would have bid up too (If I had the money). I'm just basing my numbers based on what I have seen similar tractors listed for in the classified ads here and there.

Tractor_Auction

Member

Well-known Member

Member

Well-known Member

Member

Well-known Member

Well-known Member

Well-known Member

Well-known Member

Member

Well-known Member

Well-known Member

Member

Well-known Member

Well-known Member

Well-known Member

Well-known Member

Well-known Member

Well-known Member

Well-known Member

Member

Similar threads