Tractor Prices...

[Goose]

There's a straight looking, fully functional, H Farmall on an online auction locally.

Bidding ends Wednesday, and as of now the high bid is $150. I thought, "What the heck?" I would expect it to bring more than that, and maybe it will by the time the auction ends. The only thing I can think of that might hurt it is it's not at the auction house, it's at the owner's premises 60 miles away.

 

[Tony in SD]

My experience with online auctions is that bidding does not take off until the last day. Sometimes not until the last few hours.

 

[BarnyardEngineering]

60 miles is nothing unless you live in an area where there's nobody but old folks who think 6 miles into town for groceries is too far to drive in a day.

The only consistent thing about tractor prices is, they're inconsistent. Bidding will likely pick up in the last few hours, it always does. The tractor still might not bring $1000, but you never know. An old H is not particularly valuable unless it's all painted up nice with new tires, OR it's "grandpa's tractor" to two people who don't get along.

 

[JOCCO]

My experience with online auctions is that bidding does not take off until the last day. Sometimes not until the last few hours.

Very true.

 

[JOCCO]

What Tony said. Plus it may have a reserve. There was a big online auction around me most of the stuff did not meet reserve!

 

[Mike(NEOhio)]

Saw one on FB last week, think it was a Farmall. Restored, guy was asking 15K. One can dream.

 

[cjunrau]

There's a straight looking, fully functional, H Farmall on an online auction locally.

Bidding ends Wednesday, and as of now the high bid is $150. I thought, "What the heck?" I would expect it to bring more than that, and maybe it will by the time the auction ends. The only thing I can think of that might hurt it is it's not at the auction house, it's at the owner's premises 60 miles away.

I find most people are like me. They want a live auction and bid 5 minutes before sold and go up one bid at a time.

I bid on one or two auctions a week and find there is never a high bid placed on any item I bid on. The only time I will put in a high bid is if I will be trucking and don’t think I’ll be home in time to bid. I used to put in a high bid and always paid my high bid. I believe the auctioneer bids you up when high bids used.
1000 items per sale and I watch live and they almost all climb one bid at a time now.


When the online thing started there were lots of high bids put in. People got wise to the auctioneers and don’t trust it now.

 

[Sprint 6]

In my area, an H will need to be running perfect, look good, and have almost new tires to bring $800.

 

[Not db4600]

There's a straight looking, fully functional, H Farmall on an online auction locally.

Bidding ends Wednesday, and as of now the high bid is $150. I thought, "What the heck?" I would expect it to bring more than that, and maybe it will by the time the auction ends. The only thing I can think of that might hurt it is it's not at the auction house, it's at the owner's premises 60 miles away.

A good barometer of pricing is Tractor House Auction results.
This spring’s prices seem down on 1940-1960 vintage tractors in this area.
There was recently a TC KT stated to be 1of 15 left that sold for a soft &1,300. It was non running, but in a collection of well kept tractors.

 

[NY 986]

A lot will happen in the last 6 hours.

 

[Goose]

Well, it's up to $275 now.

I've bought a lot of stuff on this auction, and I like the way they do it. If a bid is posted within 20 seconds of the end of the bidding it automatically adds 20 seconds to the time. That way no one can throw out an outrageous bid with 2 seconds left. If there are two or more bidders, the last 20 seconds can take five minutes until someone gives up.

Also, you can enter your top dollar for a bid and you'll only be charged what it will take to buy the item.

 

[Mrfred54]

Watch an H sell at a auction this last spring, brought $2800. It was still in its work clothes.

 

[RedMF40]

I’ve watched some desirable tractors languish at local consignment sales for days with a bid of around $300 from online bidders. In the last few hours the bids go well above $3000. If you know roughly what the tractor or item should bring, it makes more sense to jump in at the end.

 

[John E. Popper]

I've bought a lot of stuff on this auction, and I like the way they do it. If a bid is posted within 20 seconds of the end of the bidding it automatically adds 20 seconds to the time. That way no one can throw out an outrageous bid with 2 seconds left. If there are two or more bidders, the last 20 seconds can take five minutes until someone gives up.

20 seconds? That sounds reasonable. I know of an auction company that adds on 5 minutes on EVERY LOT IN THE SALE if anything is bid on in the last 30 seconds. That goes on for several hours, then they lower the add on time to 2 min, then 1. The auction is usually officially finished 3-5 hours after the initial lot ending time.

 

[scootergmc]

Well, what's the update? $7-800 yet?

FWIW, most online auctions I see add 2 minutes after a bid within the last two minutes. It prevents sniping as was common in the early days of online auctions and ebay. I was really good at it too- I won a lot of lots with 1-2 seconds left, and got some good deals.

 

[Goose]

For the record, it sold for $425.

 

[NY 986]

For the record, it sold for $425.

What are the buyer's fees?

 

[BarnyardEngineering]

I find most people are like me. They want a live auction and bid 5 minutes before sold and go up one bid at a time.

I bid on one or two auctions a week and find there is never a high bid placed on any item I bid on. The only time I will put in a high bid is if I will be trucking and don’t think I’ll be home in time to bid. I used to put in a high bid and always paid my high bid. I believe the auctioneer bids you up when high bids used.
1000 items per sale and I watch live and they almost all climb one bid at a time now.


When the online thing started there were lots of high bids put in. People got wise to the auctioneers and don’t trust it now.

The max bid is supposed to be what you're willing to pay, not the "I've got auction fever and I'm going to win this come hell or high water" amount.

My experience has been quite the opposite. Either the bidding goes nowhere near my max, or I'm outbid by the minimum amount over my max bid. Nothing more frustrating than being outbid by $5 on a $10000 item.

 

[cjunrau]

The max bid is supposed to be what you're willing to pay, not the "I've got auction fever and I'm going to win this come hell or high water" amount.

My experience has been quite the opposite. Either the bidding goes nowhere near my max, or I'm outbid by the minimum amount over my max bid. Nothing more frustrating than being outbid by $5 on a $10000 item.

and that is the reason most people like to bid live as there max is never really the max when $5 more might have got you the item.

 

[Rich'sToys]

For the record, it sold for $425.

I'm assuming you didn't buy it?