Crazy price on a JD 8020 sold today!!!

At Mecum auction they sold a JD 8020 for $170,000. WOW I owned one in the 1980s and sold it for $7500.

https://www.youtube.com/watch?v=0JFAZEwpYBo
JD 8020 selling

You had an 8020

I was going to call you out for being stupid letting your 8020 go for so little. Then again I passed on an 8020 15 years ago for $30,000 so I'm not different My local dealer sold the most 8020s out of any dealer, 18 in all. I had two neighbors who farmed with 8020s and one of them ran an experimental 8010. Plus my landlords also farmed with an 8020. They traded it in for a Versatile 900. Dealer allowed them $20,000.

Have read that only about 100 - 8020's were sold from 1960 - 1964, making a restored one in original operating condition very rare. And valuable.

That?s one beautiful old tractor JD! I?d be extremely surprised if there was ever one in this region of Canada. I expect a couple of them might have been out on the prairies.

I attended the introduction of the John Deere 8010 at the Case farms Farm-o-rama. I believe the year was fall of 1958. Russell Case was a big farmer in the area at the time. Location was near Richwood, Ohio. The 8010 was demonstrated with a fully mounted 7 bottom moldboard plow. If memory serves me correct, there were 7 of the 8010's made and were recalled to the factory and modified to 8020's.
Russell's wife Meriam drove the tractor doing farm work and the 7 bottom plow was quite a long ways behind the tractor and Meriam destroyed a couple utility poles turning too wide at the ends of the field. Plow was later replaced by a 6 bottom semi mounted plow.

Gene

My dad had a new one at his dealership with mounted plow and yes it was up in the air when raised , they had a demonstration day plowing with it and other tractors. They never sold the tractor to farmer , but a constructiom company bought it when Interstate 80 was being built so it ended up on raod duty. It is still in someone's collection today as those owners keep a close knowledge of who and where they still hibernate.

I didn't come out that good on a fully restored (except drive train since hours were 3900)4230D row crop wide front with cab. I gave it away for $10k because I had no use for it and had a buyer (whiner and buyer-seller-trader that knew the tricks)....but it moved and that was the plan. Today I see them advertised for $25. But that was 10 years ago and things were different. Didn't have or know of things like Craigs list and didn't want to fool with tire kickers and all....so I paid the price.

WOW-Thanks for the post JD---Tee

Beautiful tractor. Unlike many, I like Detroits.

Wonder what it will be worth in ten years. I'm bettin' much less.

Dean

Yes. Things where tight for the majority of farmers then. Cheap higher horse power tractors where common. I would buy one in late fall or early winter. Get the bugs out of it and use it the next spring. Then sell it. So I was getting my heavy field work done for little to no cost. I often made a profit on the whole deal not including the completed field work.

You have to remember two thing. 1) Those big clumsy tractors where not being collected and they where not in heavy demand for working farmers. 2) The farm crisis was very real. So not many people had extra money to spend. Most where lucky to pay their bill. Heck even just paying the interest on some loans was a victory some years then.

There where a lot of tractor models and brand that did not have any value then. They are selling crazy high now because the fellows that grew up in the late 1960s and early 1970s are in their fifties when most people have the money to collect toys they dreamed of when they where kids.

Some of the models that sold cheap: IH 1206, $3500-4500 sale after sale, JD 5010 $4500-5500, JD 5020 $6000-7500, JD 7520 $7500-9500, JD 4620s $4500-5500, JD 4520 $3500-4500. The big reason around here was the grain guys where hurt the worst. The livestock guys did not want a 1000 only PTO tractors. so there just where not many buyers of these type of tractors. The guys going crazy on these models today are setting on a ticking time boob on value to me. When they get older the next generation is sure not going to be in love with those big clumsy tractors. Just look at how the bigger two cylinder value has dropped. I can remember JD 70 diesels bringing $7500-10000 restored. Sure not going to get that today.

As for the JD 8020. I bought it off the farmer that bought it new. He had used it hard. The drive line was fine but hydraulic and fuel leaks all over the entire tractor. It took a lot of labor getting it in shape. That tractor was miserable to run in the field for a full day's work. Noisy and hot cab. Clumsy as heck too. Big frame/weight but not big power. My Uncle's IH 1466 would do as much work in a full day. It took me eight months to get it sold for $7500. I barely broke even on the deal. I stuck to JD 5020s and IH 1206s after that. They would sell easier.

Kinda like the 730 diesel I sold in 79 for $2500 and was glad to get it. Electric start,factory wide front and three point. Boy,if there's a tractor I wish I'd have parked in the back of the toolshed. Well,that one and the 4040.

My dad and I converted one to 12V in the mid 70s, used a series/parallel switch and Delco alternator.

I'll bet there's investors getting involved. They ruined the mopar hobby for many. Doubled the prices on empty rolling Valiant shells because you could bolt in a hemi and hang duster sheet metal. Then when prices tapered off, one of the big names got in deep with some loan sharks and disappeared with the money from an auction he ran.

There were more last-year hemi cuda clones at barrett Jackson that year, than actually left the factory.

A local Father/son pair near me has an 8020, they bought it and had it hauled to MI from CA where it started on a huge veggie farm. It shows at the county fair in the two-cylinder club lot and he usually hooks in the antique pull.

Sounds great, for sure.

(quoted from post at 14:55:51 03/31/19) Kinda like the 730 diesel I sold in 79 for $2500 and was glad to get it. Electric start,factory wide front and three point. Boy,if there's a tractor I wish I'd have parked in the back of the toolshed. Well,that one and the 4040.

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WOW, say it anit so....
You wish you would of kept not one, but two John Deere's?

Last 8020 I saw was sitting on a dealer lot in Havre Montana ten years ago or maybe a little more. It had a cab with roof air. Seems like it was on a Deere lot across from the DOT scale I was hauling a combine and was more interested in the scale than the Deere lot.

Not bad for an old Wagner and screamin Jimmy.

These were built by John Deere not Wagner the Wagner was after this tractor and before the 7020

Jd we went from 3000 acres farm ground and another 3000 in pasture to 500 in the 80s pretty much lost everything else it was a rough time that?s for sure . I?m sure some or Most of these drains were scrapped and or sold cheap in the day to and look how much they bring now

I'm pretty sure the Wagners predated the 8010 & then the 8020

(quoted from post at 07:44:34 04/02/19) I'm pretty sure the Wagners predated the 8010 & then the 8020

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The 8010/8020 tractors were built in the early 60's, and didn't catch on. From what I can dig up, Deere bought Wagners from 68-70, as a stop gap measure before the 7020 could be brought to market in 71. I've never seen a WA-14 or WA-17 in person, but have seen a couple of Wagners up around this area.

8010 and 8020 were long before the Wagner built tractors