Tractor Collection - Need Estimate on Value

RTR · Feb 22, 2019

I went and looked at a collection of tractors and lawn mowers today that the family wants to liquidate; and while I'm not trying to gain a value of them for my personal benifit (to purchase them); I am looking for a good estimate of what they are worth to help them sell them and help an auctioneer friend estimate it because she needs to tell the family what they would possibly bring at auction if they decide to hold one. These pictures are just a few of the tractors.

RTR · Feb 22, 2019

More Pictures......

RTR · Feb 22, 2019

More pictures..........

RTR · Feb 22, 2019

Finally the last of the Pictures.........

Dean · Feb 22, 2019

Insufficient information.

A good auctioneer, knowledgeable of antique tractors will be helpful, but there is no way to know "what they will bring" until the auction.

Dean

Janicholson · Feb 22, 2019

The assembled tractors and mowers will be the most valuable. The V8 Ford 8N and the ?F30, the Olivers, and the truck other tractors are iffy as they are in pieces. Getting them to run is a major deal even if the hood is off. Another factor is where the collection is located. Getting an appropriate buying croud is essential. I spent two days getting units like those running for an auction. They sold well and brought 100% more. a trivial, irrelevant guess would be 50 to 60K if the above ideas are put in place. Jim

Crazy Horse · Feb 22, 2019

Who said that she "needed" to give them an estimate? The family? Is that a condition of taking on the consignment? Any auction is a crap shoot at best, the auctioneer knows that better than anyone and the family must know that too, or someone should tell them if they don't. So what happens I wonder, does the family go shopping for the best estimate from a variety of auction houses? And then what happens if all the stuff brings less than half the estimate, who's to blame for that? I would suggest just auctioning them off and hoping for the best, or get someone to get everything working (if possible) and try advertising and selling them privately. Tough situation for everyone ....

Adirondack case guy · Feb 22, 2019

I suggest that the family find an auctioneer who has a knowledge of mechanical equipment and farm tractors, not one that knows about furniture, pottery and old bottles
Loren

Spook · Feb 22, 2019

Sadly, whatever they bring, it probably be quite a bit less than the old boy had in them. We had a local guy who?s dad had a Oliver 500 or 550. He wanted $5500, that?s what dad had in it. He got offended if offered less. He parked it by the road for years, finally sold it for scrap. It might have been worth $3k, but let it rot rather than ?take a loss?. Crazy.

RTR · Feb 22, 2019

(quoted from post at 04:43:07 02/23/19) I suggest that the family find an auctioneer who has a knowledge of mechanical equipment and farm tractors, not one that knows about furniture, pottery and old bottles
Loren

The deal is, I am trying to help my auctioneer friend get this job and since I know a lot about tractors I’m trying to help her put together an estimate of total value. I know it is estimated because auctions are a crapshoot, but the auctioneer friend wanted me to get a rough idea so she will know how she needs to charge the owner for doing the auction. She prices auctions differently on a case by case basis.....typically doesn’t charge buyers premiums. I know a good bit about old tractors and Old tractor parts but unfortunately I know nothing about the value of a ford 8n with flathead V-8, nothing about an Oliver crawler, and I don’t know much at all about those smaller name brand lawnmowers that seem to be less Common. this guy had a lot of less common old tractors and equip, which I know nothing about the value of. For example, that Ford 8N with the mercury flathead V-8 could be worth $5000 or $15,000, I’m not very sure and there is a big difference there. Location is in Alabama.

Philip d · Feb 22, 2019

I have no clue on value but there?s a lot of nice stuff there

Traditional Farmer · Feb 22, 2019

A lot of pieces there that could bring good or not do so good,much will depend on how the auction is advertised and where its advertised.To bring good money it has to be made interesting
enough to draw in some strong bidders.Also the area of the country will make a big difference even then its really a guess to what something will bring at an auction is a guess.Also
there are certain auctioneers in a given area that will draw a high dollar crowd and some that draw the low ballers.How much is the family willing to spend on getting machines running with good
batteries so they fire right up on the day of the auction will matter.

grandpa Love · Feb 22, 2019

RTR. I just emailed you.

David from Kansas · Feb 22, 2019

With the large variety of articles it should draw a good crowd which always helps prices.

Ken(Ark) · Feb 22, 2019

How much is the family willing to spend on getting machines running with good batteries so they fire right up on the day of the auction will matter.

When I was in my 20's I would buy something that was not running because it looked good , of course I had no money then . Now I have more money , but even that V8 8N which probably runs good may have an old motor that was painted pretty , I would not pay top dollar without hearing it run .

If there is only one serious bidder on that 8N it will sell low .A few people may throw out some low bids and get it to $1500 - $2000 but not the $3 - $4k range . Some auctions have live online bidding . There may be a few people that would pay good money but not willing to drive a couple hours to join a circus . They may be willing to drive a few hundred miles to pick up an item they purchased .

If you Love your wife and kids , make an inventory of the big items you own and what their fair market value is . My wife does not know if my Kwikway boring bar and valve grinder with all the accessories are worth $50 or $5000 , and most buyers would tell her that $100 was the best they could give , maybe $150 just so they could help out a widow .

Old Scovy · Feb 22, 2019

Looks like a fair amount of good things there. If you care about the family selling this stuff I would suggest they get an Auctioneer that knows what he is doing and he will give the family a good idea of what they can about expect. A yard sale and furniture Auctioneer is not a smart way to go when you are dealing with the peoples end assets. Also a well respected Auctioneer will bring in the buyers that relate to that type of Auction. PS and a Good Ring Man can be a big help. Just my 2 cents worth. . Old Scovy

Bob Harvey · Feb 22, 2019

A Million, Gillion $ ! It is a crap shoot until the hammer falls. $2,000.00 each for an estimate - doesn't matter, they will fetch whatever the bidders bid.

Dean · Feb 22, 2019

With all due respect, the owner needs an auctioneer with knowledge of antique tractors.

It sounds like your friend is not that auctioneer.

FWIW, it is unlikely if the V8 8N will bring $5,000, let alone $15,000.

Dean

Dean · Feb 22, 2019

Bingo, ACG.

Dean

docmirror · Feb 22, 2019

I'll take a risk, and throw a number out.

$31,357.61

The Oliver crawler should bring good money. Also, that other Oliver, and the panel truck should do ok if they run well.

Running, and rolling will bring a LOT more than sitting, no running. Tell the family they should invest in making everything(including yard items) possible run as it crosses the hammer. Fuel, oil, trans fluid, batteries.

JOCCO · Feb 23, 2019

As usual I have different thoughts. Depends on where you are as to value of some things. Far as the guys trashing your auctioneer I see there point but don't wholey agree. the real key is advertising the sale heavily. Nezt I would try to get a rough value and set a reserve or lower limit. To avoid something say going for $250. Last you may have to take the time to market some stuff to collectors or where it will bring proper price. This means holding for awhile.

JOCCO · Feb 23, 2019

One more thing that may or may not help if that stuff ws running having you just to get it to run and move may help prices. Always seemed a running tractor truck working hay baler would sell faster and for more money.

Hobo,NC · Feb 23, 2019

My thoughts also on the low side 31500.00... What we don't know a man with all that stuff has more stuff it should fetch a large crowd that will bring pockets full of money burning a hole in their pockets...

1948jr · Feb 23, 2019

The main thing to remember is that you can NEVER predict what anything will bring at an AUCTION

Traditional Farmer · Feb 23, 2019

No better way to ruin an auction and have people leave than have a bunch of reserves.If it doesn't meet reserve then what? They want to get rid of the stuff not market it individually.

JOCCO · Feb 23, 2019

It is a last resort and I have seen it where items go to low. Would you want your best tractor to sell for a few hundred??

Traditional Farmer · Feb 23, 2019

Well the thing is what something is really selling for and imagined value can be far different and at auctions with a big assortment like that things tend to even out.
Auctions are for quick sales and get rid of it now if you want to control the selling prices use private sale but be prepared to have a lot of stuff still around 5 years from now.

Mike M · Feb 23, 2019

with that much stuff an auction would be best.

Tractor Collection - Need Estimate on Value

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