Auction_other_green

A restored Oliver 2150 -4/wh drive w/ 478 Hercules sold over weekend for 70,000 not including a 5 % sales commission. I guess only 1000 -- 2150's were ever made but this was billed a heavy duty wheat land model. Is this a signal the antique tractor market is on the rise. Seems like a high price for a tractor that might have had a window sticker around 13 thousand in 1968. Where is the market for old tractors headed ?

I dont know.

But people like to tinker with something their dad or grandpa had. Figuring 2 generations is 40-50 years, and grandpa might have had a 10 year old tractor.....

The sweet spot for collecting is probably something 60 years old.

So something built in the 1960s might be more collectible than something built in the 1930s these days? Different than it was 30 years ago?

Paul

I just watched the auction clip on you tube.
I don't think I'm gonna get my hopes up to high. Had it not been for the rarity of this machine, I think the outcome would of been MUCH different. Being from late 60's might of had a tad to do with it too. Just wait a few more years. That'll change. Stuff from late 70's early 80's will get hot. Aside from automotive, stuff from the 30's and 40's isn't very hot anymore.
Times change. And so does peoples interest. Usually is what's hot, is what 65 to 85 year olds remember when they were in thier Teen's and 20's. Follow that, and you'll have an idea of what's going to get hot, and what is going to die down. Maybe not has everything to do with it, but you'll find it has alot to do with it.

Just general inflation in my mind coupled with an excellent income year for most farmers. Lets talk again in a couple of years.

How about the Farmall 340 diesel that sold at Mecum's on Saturday? Does anyone know the selling price?

That is a true muscle tractor and a pretty rare one at that. I don't know who the bidders were, but that will tell you a lot about the current market. If they were younger and new to the market that is a very positive sign, if they were the same people who have been collecting for decades it could just be a last hurrah with some windfall money. Long term I would expect this price bubble to last as long as farms are flush with extra cash but not much longer. Without new collectors entering the market is is likely that collection downsizing and estate sales could flood the market with older restorations and prices on those will fall.

Will many 1970's tractors become collectable: 4630, 1370, 1586, 7080, 2-155, 6030? Big iron like those require big trailers and a big shop. In the 1980s the number of farms dropped and the number of new tractor sales fell even more sharply, I'm not sure many would be collectable. What 1980's 1990s tractors would anyone here want to collect?

maybe I should build a nice heated garage for Earl my Oliver 2150.

There is a lot of iron hitting the market but there is enough income at present to keep all the balls in the air so to speak. I expect the pace to accelerate in terms of sales but the money to taper off to buy tractors. Good time right now to be a seller and if you are a buyer like me then maybe hold on to your money and spend when your cash goes a lot further.

Well, a JD 8020 sold at that sale for 350000....and it's about that old, so you may be right!

Ben

I agree with you.

(quoted from post at 03:05:01 03/29/22) Well, a JD 8020 sold at that sale for 350000....and it's about that old, so you may be right!

Ben

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I believe on about 200 of them were originally made.

(quoted from post at 12:47:09 03/28/22) Just general inflation in my mind coupled with an excellent income year for most farmers. Lets talk again in a couple of years.

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These are the same farmers who are crying about how are they going to afford fuel, how are they going to afford fertilizer, how are they going to afford spray...

Will many 1970's tractors become collectable: 4630, 1370, 1586, 7080, 2-155, 6030? Big iron like those require big trailers and a big shop. In the 1980s the number of farms dropped and the number of new tractor sales fell even more sharply, I'm not sure many would be collectable. What 1980's 1990s tractors would anyone here want to collect?

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I was born in 1985.

Future "hot" tractors are Deere 50 and 55 series, IH 88, Case Boxcars, Ford 30 series, Deutz Allis 9790, MF 2805, the last Whites, etc... THen I could see someo ne collecting the first of the Deere 7000, 7010, 8000, 8010. Basically all tractors with not too much electronics and not too much plastic will still be collectable, but by a much smaller number of people, because less people like tractors.

On the other side, a rich man needs to buy all the piece of junk ugly more recent tractors like the MX Magnum and the like and crush them with an hydraulic shovel so they disappear from the earth face....


"Difficulty" with those tractors from he 80s and 90s is that they are still run a lot, and they have many hours. Finding non worn out ones is difficult.

Here in France, finding older tractors from the 80s in good shape is just impossible. They all have been sent to Eastern block farms during the early 2000s. That is because dealers wanted to get rid of the extra userd tractors to sell more new ones. That is where the states are doing better. Very few tractors are exported when used.
Finding a Fiat 160-90 or Fiat 130-90 (quite the collectible tractor if you have never driven one), a Renault 155-54, Fendt 615 LSA, Fendt 818 Turboshift, Ford 8830 or a Genesis, is just very difficult. Most of the Deere 50 and 55 series have been shipped to eastern Europe or sent back to USA.

Myself, I choose to sold the 4020 I bought 20 years ago to get a 4050 MFWD. I did not have to put any extra money into the 4050 with the 4020 sale. It is really not because I think the 4020 value is going to be lower and the 4050 is going to go up, it is really because I think the 4050 (466 Turbo Powershift MFWD Sound Gard cab, AC, etc...) is much more tractor than the 4020. Plus I have too many 20 series and I like a lot the Deere 50 series. 55 is still too much money, plus I am still not ready nor rich enough to afford some of the electronics sensors that go with them.