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Tractor Talk Discussion Board

Re: Oliver 1555 sold $29,000


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Posted by rrlund on August 28, 2016 at 07:43:47 from (162.250.24.191):

In Reply to: Oliver 1555 sold $29,000 posted by tylerpresser14 on August 28, 2016 at 07:07:36:

OK,yup,that started to ring a bell somewhere deep in the recesses of my brain. I thought I remembered Machinery Pete talking about it at one point,so I went to his website. I copied and pasted the following right from his site:

"Auctioneer Lee Halvorson with High Plains Auction told me, “Pete, I've never seen anything like it. The bidding started at $5,000 with $250 bids. When it got up to $8,000 we jumped to $500 bids. Two guys locked in on it and wouldn't quit." Why was there such hot bidding? It turns out the 1555 “Loader Special” was a fairly rare model made by Oliver.

My friend Sherry Schaefer, Editor of Heritage Iron magazine (www.heritageiron.com), provided this additional insight: “These were originally sold from a dealership in Edgeley, N.D. They were a special combination of features, and Oliver would set them up for him if he ordered 25 at a time. The dealer (Anderson Bros.) were Farmhand dealers but they were also set up for Koyker and Easy-On loaders. He heavily advertised these “Loader Specials” on TV and in magazines. They were economically priced and shipped all over, but sales originally went through him. After Oliver saw the success of them, they offered the same deal to some of their other dealers. There were nearly 1,000 of them sold just by three big dealers. Sold new, they were $3,995 and options increased the cost from there. They were primarily used on livestock farms and probably used hard, lowering the survival numbers."


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