You never get your money out of a rebuild at auction, because nobody will believe you. Best chance to sell it is to have all receipts, make it look nice, and maybe you'll find someone who wants it. But I agree with the others- don't spend a bunch of money on an old gas tractor unless its for you to keep.
I do agree that the auctioneer was foolish for laughing at you, but then, they're generally not the most subtle guys around. He may have done you a favor- if he'd shined you on and lulled you into consigning it, you may have come out on the short end.
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Today's Featured Article - Diagnosing Engine Difficulty - Diesel Tractors - by Staff. The following suggestions are listed for your assistance. You can make simple adjustments on your tractor that will improve its operation and save you the time and expense of hiring someone to do it for you. Always make one adjustment at a time, and if the adjustment made does not improve the condition, return to the original setting before proceeding to the next adjustment. Hard Starting Cold air temperatures. Insufficient fuel.
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