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Bizarre - Tractor Prices at Auction

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Sean in Calgary

05-20-2004 12:07:48




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We had an auction just east of Calgary on the weekend and the price of two of the tractors seemed very bizarre.

The first tractor to sell was a McCormick-Deering W-4. It started but was not running well, obviously had a bunch of home-brewed modifications made to the electrical system and was generally in poor shape. (Rusty, oil leaks everywhere etc). This tractor sold for $750.00 CDN.

The next tractor to sell was an IH 706. This tractor was in amazing condition. The diesel fired up quickly and easily after a long cold night (no, they didn't warm it up - I was there quite early). Everything worked VERY well and it ran like it just rolled off the show room floor. This sold for $1100.00 CDN.

Now, I am still no expert on tractor pricing in Alberta but I have been to a lot of these auctions. The W-4 went for way more than usual and the 706 was a steal.

I guess that is why auctions still attract me. If I had know all my facts I would have had a really good square baler for $500.

Oh well, I just thought you folks might be interested in knowing some current tractor prices up here in Western Canada.

BTW - I have seen the 706 working HARD in the fields every day since the auction. What a pretty sight.

Sean in Calgary

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Mark in MO

05-21-2004 08:25:56




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 Re: Bizarre - Tractor Prices at Auction in reply to Sean in Calgary, 05-20-2004 12:07:48  
Sean, That sort of thing always makes me scratch my head. Here in the Kansas City metro area we have allot of people moving from the city (I sure can't blame them), buying small acreages and looking for a cute little tractor (3pt of course). After awhile they decide that they need/want Power Steering and a loader so they trade these in for a new Utility Tractor, but by now they have really driven up the price on these older 20-40 HP tractors. So the N Series Fords , TO Fegies, etc. are very EXPENSIVE. You can buy a good Farmall 560 D for the same money as an 8N, a good 706 for the same money as a 801. The good news is that those old tractors that were sitting in the fence row somewhere are now being restored. Just my O
Mark Hill
Dearborn,Mo

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jdemaris

05-21-2004 05:56:18




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 Re: Bizarre - Tractor Prices at Auction in reply to Sean in Calgary, 05-20-2004 12:07:48  
Your's is the kind of story I usually hear about the ONE auction I don't go to. I rarely find bargains anymore. Here in Central New York State, even the small auctions are attended by big salvage companines and it's hard to compete with them. For example, an old farmer died recently, and his family put his stuff up for sale at auction last week. Just about all his equipment was crap. I'm not trying to speak ill of the dead, but he was the kind kind of guy that hated chaning oil, and figured anything could be fixed with wire and duct tape. There were a few pieces I was interested in if they went cheap. Well, I got there and right off I encountered two buyers -one from Marshal Machinery in PA. He had a checklist/notepad and was marking down all the bids he was prepared to make. Anyway, first a 2010 Deere ag. tractor was bid on. A complete wreck and parts machine. Looks like the engine has been torn apart 20 years ago and left open to the weather out in the field. No tires, rims rusted, engine out in the rain and snow with no head on it. I walked away after bidding went over $800; don't know what it brought. I was after a Porsche tractor, a little two cylinder diesel air-cooled from the late 50s. I know it didn't run back in 1979 because the guy had asked me to get it running for him if I could do it "cheap." I said no, and it had sat out in the field ever since. I heard one "big buyer" wisper to someone that is should bring around $600-$700. Well, it went over $2000 and again, I walked away. One more piece I wanted for parts was a Ford/Dearborn two-row grain-drill. And, wouldn't you know it. Just before bidding started, some guy recognized me as a prior local Deere mechanic, and starting talking up a storm. Before I knew it, the d*mn planter sold for $75 and I missed it. Probably the only bargain there.

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Coloken

05-20-2004 14:38:52




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 Re: Bizarre - Tractor Prices at Auction in reply to Sean in Calgary, 05-20-2004 12:07:48  
Thats the way with autions. Cheap for others, high for what I want. Around her, close to Denver, the small, what I call gentlman farmer stuff, like 5 ft cutters, disks etc. bring right at new. Fence panels, more that new. High plains wheatland tractors, all most no bids.



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Colorado Curt

05-21-2004 08:05:53




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 Re: Re: Bizarre - Tractor Prices at Auction in reply to Coloken, 05-20-2004 14:38:52  
Ken, I am up in the Boulder area and attend the auctions around here frequently. I cannot believe what the panels bring at these auctions. Old rusted through panels or gates bring more than what I can get them for at Stockyard Supply. At an auction, all it takes is two people that want something to drive the price up.



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