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Farmall & IHC Tractors Discussion Forum
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It seems as if prices are going up...Are they?

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wdrew24

08-26-2006 05:42:27




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I've looked at a bunch of Farmall tractors lately, seems to me that prices have jumped. I looked at a Super M that was locked up...ok sheetmetal, tires junk...$1,200. I about dropped my store bought teeth. Found an 806 D with a rod bearing making terrible noise...$5000, not a penny less. Found a super C that will need hood, grill, and even the gas tank is so dented it can't be saved...$2,500 "I know it looks rough, but runs like a top" according to owner. What have you guys been seeing in the market. Drew

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Mike CA

08-26-2006 12:53:11




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
I have to apologize. You see, I'm a very popular person, and a bit of a trend setter. I mean look at what has happened in the past. I joined the Navy 14 years ago, next thing you know, bunches of people are joining, and they even got back into making war, which they hadn't done for years! I bought a new car. Next thing you know, prices for new cars started going up and up! The same car I bought for $20,000 now goes for $35,000!
Then about 5 years ago I bought a house. Right after I did housing prices started going through the roof! I sold mine for a $140,000 profit! So II put that towards another house in CA, and just you wait... prices around here are gonna sky rocket!
And now I bought a Farmall H a few weeks back. Next thing you know, folks are seeing what I did, and Farmall collecting is starting to take off!

I must apologize. My entrance into a market tends to overinflate it due to my popularity.

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RustyFarmall

08-26-2006 14:01:53




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 Re: It seems as if prices are going up...Are they? in reply to Mike CA, 08-26-2006 12:53:11  
Mike, no need to apoligize, in fact, keep on buying. I've already got all the Hs that I need, and if we can work together and inflate those prices enough, I will sell a couple of them. How long do you think it will take to get the price of an H up to around $5,000?



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Mike CA

08-26-2006 18:34:39




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 Re: It seems as if prices are going up...Are they? in reply to RustyFarmall, 08-26-2006 14:01:53  
Depends on how long it takes me to finish 'Oscar'. Once people see the 'Dream Tractor'... no telling how far they will go up!



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Lance R.

08-26-2006 10:43:48




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
Last fall an owner couldn't get more than $5,000 at a big machinery consignment auction for his restored 560 diesel with fenders, wide front, and fast hitch. It didn't meet his reserve so it didn't sell. Last week and identical clean 560 diesel with some leaks and didn't run as good sold for $5,400 at a local farm auction about 30 miles from the other auction. I paid $2,750 for mine 3 years ago at a local consignment auction and mine is every bit as good as the one that just sold for $5,400.

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banjo

08-26-2006 10:24:07




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
Yep , looked at a 53 super A the other day. been severly abused. cultivators was welded ever where. rear arms were some sort of contraption off a cub and the rear lift rod was in the shape of a rainbow.$2000 ,came down off of $2500. i about u know what! wow! i could'nt tell the ole guy what i thought.



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old

08-26-2006 09:18:33




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
Yep see that all the time but I also see them priced where they should be also. People are just tring to make money on them and or don't care how good or bad they are. But I also know tractors haven't been selling as well as they did a couple years ago either. I've had a few for slae the last year or so and still have them all.

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brainerd dave

08-26-2006 07:11:42




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
There's a rusted and dented H up the road that was listed at $1600. No battery box or fenders and leaking from every seam.
All of the tires are rotted to the point of being useless and one rear rim needs to be replaced. You'd have to put $1200 into to it just to make it worth $600. Yesterday the guy dropped his price...to $1500. Always happens when a hobby hits the mainstream and the demand skyrockets.

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DennyF

08-26-2006 11:01:16




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 Re: It seems as if prices are going up...Are they? in reply to brainerd dave, 08-26-2006 07:11:42  
"Always happens when a hobby hits the mainstream and the demand skyrockets."

Pretty much my observation. Not too many years ago you could drive around the country and see old critters abandoned in the weeds by the dozens. Once people started buying them up to restore, fewer of them sitting around getting rustier and prices have increased accordingly in line with demand.

Like anything else, such things are market-driven. They ain't making any more old tractors. What there is, is what there is.

As a sidebar, one farmer over the hill from my hunting camp, has had a pair of rusty JD two-lungers in the brush for about the past 20 years. Last spring they were gone. My cousin that farms in the area, said someone showed up with money, thought they had to have 'em and off they went.

Another neighbor up there has several Farmalls and other old tractors in the brush behind his barn, but like his daddy, won't sell a blessed thing no matter what the offer, or who wants it. My uncle tried to buy an M from this bunch 25 years ago, for parts for one of his Ms. They weren't even interested in helping a neighbor, with a tractor they hadn't used in 10 years.

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Steven@AZ

08-26-2006 06:44:20




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
I bought a 42 H in fair condition - all there, tin is in pretty decent shape, runs good, 4 new tires - for $1500. I think it was about $300 too much, but the tractor has great sentimental value to me - was my Dad's first tractor.

Prices are going up, but I don't know if all these people are actually selling their junk for the prices they are asking.



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James Williams

08-26-2006 06:23:27




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
I seen a SM locked up,tires dry rotted and a rust bucket,bring 2000.There was a auction that had a SM orginial paint,excellent tractor,it brought 8000.



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RustyFarmall

08-26-2006 06:05:00




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 Re: It seems as if prices are going up...Are they? in reply to wdrew24, 08-26-2006 05:42:27  
The tractors you looked at are parts tractors, maybe worth one half of the asking price. The prices you mention are what good, solid, ready to go tractors will bring. That super M with locked up engine and rotten tires would not bring much more than $300 to $400 around here.



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Nat 2

08-26-2006 06:41:23




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 Re: It seems as if prices are going up...Are they? in reply to RustyFarmall, 08-26-2006 06:05:00  
Yep, just because a person is asking that much doesn't mean all tractors are SELLING for that much. There's an H with a loader sitting by the road not far from here... $2000. It's still sitting there, but one of the rear tires is gone.



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moseed

08-26-2006 09:43:38




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 Re: It seems as if prices are going up...Are they? in reply to Nat 2, 08-26-2006 06:41:23  
Be patient and keep looking. There are people who set a price based on little more than wishfull thinking. Those tractors aren't effectively in play. There is often an inflation dynamic that plays a part especially within a locality. I have been privy to sales where a tractor is bought for a reasonable price and then weeks later find that the seller has told folks it went for much higher than what it sold for. That can set the stage for unreasonable expectations for future sellers.

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