From what I have seen the seller is not losing a thing. How does the auctioneer not got paid when he is the one that hands out the check for the sale of the seller's item(s)? In the old days of charging a seller the auctioneer's commission is taken out of that check before it reaches the seller. At least that is how it went around here. Auctioneers can see that the escalation in new equipment prices has created very healthy bidding for older low tech (lower parts cost and easier to repair) machinery. Just this past Saturday a very rough JD 2640 and welded up 146 loader brought over 4,000 dollars at a local auction. That is a good 1,500 dollars more than what I would have given for it. But somebody had an immediate need for such an outfit and probably figured if they had to dump several thousand dollars into the tractor and live with a usable but ratty loader they were still ahead many many thousands from a later tractor and loader.
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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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1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
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