Posted by Red Mist on February 24, 2008 at 13:04:26 from (208.61.168.220):
In Reply to: Re: Sale prices posted by CenTexFarmall on February 24, 2008 at 08:45:13:
CTF: You are exactly right when you say, "In a way that's not good." I totally agree. That is why I said on this forum about two years ago that the (publicity from the) article appearing on the front page of the Wall Street Journal about Kristen Gall restoring his grandfather's Farmall was not all good. The publicity can bring in speculators and dealers and the end result can be tractors we can no longer afford. I, too, have seen it happen in the muscle car and other markets. The Barrett-Jackson Collector Car Auction is the worst thing to ever happen to the collector car hobby.
I was scorned here for my position that the Wall Street Journal publicity had any potential downside. I still stand by those comments: Too many dollars and too much publicity will bring in the speculators and ruin a hobby everytime. To them, old tractors are nothing more than a commodity. The faster the price goes up, the happier the speculators and dealers are. And, they work hard to make it happen once they get into a market.
The recent price escalation of the Farmall 1206 seems close to that scenario now. And, what model tractor was in the Wall Street Journal article? The 1206. Coincidence? I wish. mike durhan
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