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Dave
06-25-2002 22:00:32
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Re: What's A Fair Price For This N? in reply to Richie Magoo, 06-25-2002 16:18:41
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I have been at two auctions in the last month with 8N's for sale here in OH.
The first was a restored 1952 8N in excellent condition, mechanically and body wise, it went for $3000.
The second was for a 1951 in original condition, the owner bought it when it was two years old.
It was stored inside and the body was excellent, no body work or patches. 2,600 original hours.
Engine seemed to smoke. I did not get to see the oil pressure when warm. It sold for $3,100. but the buyer was bidding against two dealers, he said he paid more than he promised himself but got caught up in the auction.
Considering the engine may have needed to be re-done he overpaid. I would not have paid more than $2,300. I bought a 1952 last year that had good rubber, iron rear wheel weights, a High/Low Sherman transmission, rebuilt hydralics, "fairly" strong engine, but needed body work for $2,800.
I figured that the wheel weights and the Sherman transmission, both of which I wanted, was worth the extra over what a tractor in this condition was worth, which would have been about $2,300. to $2,500 in this area, from an individual not a dealer.
But prices vary with the area you live in.
Price is what someone is willing to pay! And how long you want to sit on it.
Dave, lee@stratos.net
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