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UDLX and Waterloo Boy at Mecum Auction .....

Crazy Horse

Crazy Horse

Well-known Member
This month's Hemmings Motor News had an article on a 1922 model N Waterloo Boy tractor up for grabs in early April at Mecum's Gone Farming auction. Also on the block is a 1938 MM UDLX. Hemmings mentioned there was no reserve on the Waterloo Boy. I suspect some big dollars will result. Check out the link below. On the left side menu of that page, you can view all the offerings in the two-day auction .... lots of nice stuff. If you register with your email address, you can log in afterwards and see the prices each one got. They don't hassle you, just send you email reminders of upcoming collector auctions.
Mecums Gone Farming Auction ....
 
Does anyone really think that Waterloo boy does not have a price it has got to bring???? No one is going to stand around and let it go for under its value. So if Mecum is not protecting it then I will tell you that there will be someone there dibbing for the seller.
 
You are so right ... pretty nice one sold last fall right here close . Brought just a tad of 55 thousand.
 
Well, why not just put a reserve on it then? Either way the seller or supposed seller is going to have to pay a premium. I'm not too much of a conspiracy theory guy like a lot of YT'ers. Looking at the offerings and the quality of what's on the block, they're going to have a lot of their guys in the audience just to keep up, so a conspiracy becomes a HUGE conspiracy. Meanwhile, you should be reminded that Mecum is a pretty reputable auction house, not like the ones wheeling and dealing at the next farm over the fence or down the road.
 
Crazy Horse : Where is there any conspiracy??? It is fact of life that NO one is going to risk $50k or even $10K tractors without a floor under them. Mecum, Sullivan, and others like like to say no reserve just to tantalize buyers into thinking they will get an item for pennies on the dollar. IF the auctioneer is not protecting the item then the buy will have some one bid it in. No conspiracy just a fact of life.

I have sold hundreds of tractors over the years and seen thousands of them sold. Very few are ever selling without a floor under them. The guys on here that spout that it never should happen are deluding themselves. I will bet that IF they were selling things there would be a floor.
 
I saw a small collection of beautifully restored low hour Deeres sell today. The quality can't be over stated on those tractors. The bloom is kind of off the rose from what I and others kinda suspected they'd bring. There'll be a list of prices on the web next week I would think,when the auctioneer gets around to updating it.
There was a 730 gas,WF,3PT,flat top fenders brought $5600

A 620 Standard at $5600 too.

Highlight of the sale was a 530 WF with flat tops. That was the only one he had a reserve on. He wouldn't take less that 6. It brought 8. From the quality of it,some were thinking it should bring 10.

An L brought $2300. There were 2 low hour 420s. One sat lower than the other,so they weren't the same. The low one brought just over 2 and the high one was around 4400 I think.

2 Bs,one was actually and unstyled with the GP decals,the other was a later styled. I think the styled brought 2900. The early one didn't bring much more. That one had a beautiful set of Firestone continuous tread 8 36s on it.
 
Well JD, I'm no auction cockroach so I know pretty much nothing about how it all works. But I think that if a guy is going there or doing some internet/phone bidding and we're dealing with big dollar tractors, those buyers or their agents aren't bumpkins who are at their first auction. I suspect they know going in what they want to buy and are unlikely to get caught up in auction fever like what might happen at a local farm sale where a guy's great uncle had a tractor something like the one being sold. What I'm saying is that having a bunch of guys in the audience bidding up the big dollar tractors is unlikely to happen in my opinion. But you're the expert having sold hundreds in this manner, I've never sold even one at an auction.
 
There are reasons it could be sold with truly no reserve one would be its out of an estate and the executor figures it'll bring the best price there than it would anywhere else.Maybe a couple people own it together and can't come to an agreement on buying one or the other out.
A buy back at that sale would be costly for something high dollar like that.
 
Couple questions. What did the udlx have for a transmission with those two sticks and did they have a hand throttle along with the foot?
 
I have just delivered my whole collection of tractors, plows and implements to Mecum's spring sale in Davenport and have over thirty pieces of equipment consigned without a reserve on anything. I have even put a For Sale sign on my trailer so if something does not get sold I am not sure how I will even get it home.
 
I saw in their advertising that you were selling some stuff. Best of luck.

Keep the trailer though. You can put that money in to some Olivers now. lol
 
Randy,
They have done a wonderful job of advertising the collection. I am crowding eighty years old and we have sold or rented everything in Swartz Creek and have just moved into a new home that we had built about thirty miles west of Phoenix. We are in the White Tank Mountains where Caterpillar use to have their proving grounds and we overlook a beautiful irrigated agriculture valley and the city of Phoenix in the far distance from the front of the house. You have a view of the golf course and the mountains out the back side of the house. We also kept our place on Lake Charlevoix to spend the Summers at. We had no room for a tractor collection at either place and I did not have the desire to haul seven semi loads to anywhere except to an auction sale. I would have loved to have seen them in a museum somewhere and approached several but they all had limited space or were completely full. I will try to post a couple of pictures. Tom
a262774.jpg

a262776.jpg
 
There was a UDLX that sold last spring, for $140. Was talking to an older guy from MN before the sale that said he had three of them.

As for reserves, I bought a tractor that had a reserve and was a feature tractor for 70% of the reserve. The seller was in the crowd also. He had priced it to me 2 years before for even more money plus I had to buy a second tractor with it. Said he had another project. I just thanked him for letting it go.
 
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