To be honest that's pretty much what you can expect. If you paid $15K for a it fairly new and keep it three years $10K would be the expected selling price - unless it starts to leak then its worth WAAAAAYYYYY less.
That's why buying one like Blackhole49 has for sale starts to look real good because the depreciation has been taken. You reach a point where it worth what its worth because of condition and working options - not its age. To many of the ones the age of the one he has have been destroyed due to water damage. One with water damage like his is worth $500 (frame and axles) and the one that's been stored dry and maintained is worth $2500-$3500. Keep it dry and maintained and its still worth $2500 three years later. Store it outside and it leaks through the winter without it being caught and its worth $500.
I bought mine (first one I ever owned) because I wanted something small so it would be easy to pull and store inside, most of the ones I found that were newer were trashed from leaks from sitting outside since new. I would have loved to buy a Scamp (fiberglass egg) but those in decent shape are still $5000 to $9000 even 20+ years old. More than I wanted invested in a 4H camper for the fair and a mobile winter cabin for hunting.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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