Posted by MFPoor on October 24, 2012 at 04:30:41 from (72.4.0.230):
In Reply to: Pricing opinions posted by Pete76NY on October 24, 2012 at 00:07:52:
There's always a point of diminishing returns. A mediocre restoration job probably has just as much potential for profit as a really good job. There are those who see new paint alone as "like new", and therefore are willing to fork out big bucks. An "expo quality" restoration no doubt makes for a better job, but, unless it's an extremely rare tractor, the cost involved may surpass the market value of the tractor. BTDT.
I've restored a couple family tractors that hopefully will remain with the family. They saw investments close to double the value of the best examples of their respective models. There's no hope of ever recovering what I spent. If I'm doing one to re-sell, there has to be a reasonable limit on cost if there's any hope of breaking even, much less turning a profit.
But...There's always that one buyer out there that just HAS to have what you're selling, regardless of cost.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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