why so cheap

LarryH · Sep 8, 2016

why were polks auction labor day so cheap and why only 1 bid on some ---some of the tractors brought 50%-is the market that bad ---I wanted at aumanns sale sat but may wait even cheaper deals

JD Seller · Sep 8, 2016

The time of the year is wrong right now for anyone involved with farming. Most of the money is out in the field. Also the lower commodity market price is causing people to pull back too. Then the non farm economy is not great either. So the non farm people are money shy now too.

The even bigger thing is there is a generational shift going on. The tractors that the fellows that are now in there 60s/70s 80s are not what most 30s/40s year olds want to collect.

This is why a JD 3020/4020 will bring good money but a JD letter series two cylinder will not being what the tires hardly cost right now. They have to be rare to bring much money right now. I have seen two restored JD "B" sell in the last two weeks. One brought a $1000 and the other $1400. Both had almost new tires and good paint. Those same tractors ten years ago would have brought double that.

wilson ind · Sep 8, 2016

Maybe I will find a JD G yet!!!!

LAA · Sep 8, 2016

Lack of demand and a poor economy, the demand for 2 wheel drive tractors is low to begin with and when a person who wants a mowing or general purpose tractor can buy a 5-10 year old, low houred New holland, JD, CIH or Kubota 2 wheel drive for about 1/4 -1/3 of the cost of a new one they will choose that over the 40-50-60 year old tractors most every time. 30-70 HP MFWD tractors with loaders are bringing good money, older people with money and retired people are snapping these type of tractors up. I will agree that the Polk sale was poor this year, even several 4020's that sold did poorly, I was going to put three tractors and a truck in that sale and did not have time to take them up, just as glad now that it worked out that way.

Traditional Farmer · Sep 9, 2016

They didn't bring 50% of the market because what they bought is the market these days.For the most part older tractors are selling way off of what they were just a couple years ago and selling is the key word.Those high prices in ads on ebay,CL and other places don't mean anything because most are not selling.Definitely a buyers market.

markct · Sep 9, 2016

Cause that's the market nowadays...If they truely were 50% of market you can bet someone would be buying them to double there money fast. Remember craigslist prices are what the seller thinks it's worth, auction prices are what the buyer thinks it's worth, and without a buyer a price has no value....

Ken Macfarlane · Sep 9, 2016

That's bang on. Even look at the old car market. Really rare antiques/classics aren't bringing what kids drooled over as teens in the 60/70/80's.

Dick2 · Sep 9, 2016

It looks like retail sales are getting real sluggish here in the city too.

jr1983 · Sep 9, 2016

$3.00 corn has a lot go do with this

db4600 · Sep 9, 2016

Help me remember which cars from the 80's (other than a hand full) were droolers. Remember the K-car, Chevette, Mustang II?

Traditional Farmer · Sep 9, 2016

Very little corn grown in my area and the tractors are just as cheap as anywhere so that's not the reason,lack of interest is mostly the reason

GeneMO · Sep 9, 2016

(quoted from post at 06:06:25 09/09/16) Help me remember which cars from the 80's (other than a hand full) were droolers. Remember the K-car, Chevette, Mustang II?

Chevy Vega? Talk about pieces of crap. They have all been crushed and melted down years ago. Sent to China so they can make BBQ tongs out of em and send the crap back to the US.

Gene

dhermesc · Sep 9, 2016

The Chevette and Mustang II were 1970s. The 83-88 Thunderbirds were SHARP cars, the Olds Cutlass, the Buick Regal (not to mention the Grand National) were good cars, the Camaro and Mustang refought the pony wars. The Bronco, Blazer and Ram Charger were all popular then and possibly even more popular today as collectors. The K-car brought back the convertible and decent mileage for American cars.

BarnyardEngineering · Sep 9, 2016

The average collector isn't getting any younger.

I was at a Massey-Harris auction here a couple weeks ago. Selling presumably because he couldn't get around so good anymore. He drove a riding lawn mower around the auction.

Most of the guys buying the tractors looked older and in worse shape than he did. There were a few "younger" guys buying, by younger I mean 50's and early 60's.

1948jr · Sep 9, 2016

The rush is over. Most everyone who wants one has got one. Just like everything it goes in cycles

buickanddeere · Sep 9, 2016

Supply and demand . Who is buying old tractors ? Boys raised in town by thier mother have no emotional connection to old tractors . Farm raised boys , nephews and grand sons who live in towns or cities don't have a place to store the tractors and nothing to use them for . Anybody left on the farm or living on a rural estate already has all the tractors they need or want .
The typical collector is aged 55 to 100 years old . They are dead, ill, retiring wih less income , moving into town and liquidating their collections , not purchasing and adding.
Try buying or selling an ordinary 1920's to 1950's car, demand is about zilch.
1960's-1980's cars, trucks, tractors, boats, sleds, bikes , sterios, computers, video games , sports memorabilia etc is where the demand is now.

JBDyer · Sep 9, 2016

I mowed my neighbor's lawn about 20 years ago and he gave me a Chrysler K car for payment. Sold it to some "undocumented migrant farm laborers" for $300, Didn't have a reverse, I couldn't communicate that to them, I recon they found that out the hard way.

why so cheap

LarryH

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JD Seller

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wilson ind

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LAA

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Traditional Farmer

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markct

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Ken Macfarlane

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Dick2

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jr1983

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db4600

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Traditional Farmer

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GeneMO

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dhermesc

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BarnyardEngineering

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1948jr

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buickanddeere

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