[AT] Something to do

Thu Sep 17 17:55:55 PDT 2020

Gotcha. Very interesting.

Mitch
md31043 at msn.com

________________________________
From: AT <at-bounces at lists.antique-tractor.com> on behalf of Spencer Yost <spencer at rdfarms.com>
Sent: Thursday, September 17, 2020 8:54 PM
To: Antique Tractor Email Discussion Group <at at lists.antique-tractor.com>
Subject: Re: [AT] Something to do

Thanks for the continuing input. The auction is near Raleigh North Carolina, our second biggest citiy in the state.  The auction is not currently scheduled but will be “this fall”.  However, see my comment below as I am not 100% sure they will ever end up at auction.   I also get the feeling the tractors are small fish in a large valuable estate.

I also picked up on some family dynamics from a few offhand comments in the email.

I typically don’t ask questions when people approach me with these types of requests. First it’s not my business and second it’s not terribly helpful to interrogate them.

If you put a gun to my head and made me guess, I would guess that there is one person who wants the collection and the family is trying to come up with an accurate sale price, thereby being fair to the other beneficiaries and also keeping the tractors out of the auction relieving the the auctioneers of trying to have to market the auction to the tractor crowd.

Just a guess on my part.

Spencer

Sent from my iPhone

On Sep 17, 2020, at 8:32 PM, Mitchell Daly <md31043 at msn.com> wrote:

Carl, you hit all of the pertinent points. Very good!

Mitch Daly
md31043 at msn.com

________________________________
From: AT <at-bounces at lists.antique-tractor.com> on behalf of szabelski at wildblue.net <szabelski at wildblue.net>
Sent: Thursday, September 17, 2020 7:22 PM
To: Antique Tractor Email Discussion Group <at at lists.antique-tractor.com>
Subject: Re: [AT] Something to do

It can be difficult to set a price on something that has been restored to a “ like new” condition. I’ve looked at tractors for sale on several mediums, and a lot of times the seller want’s an outrageous price, as much as $25,000 for certain ones. Not because the tractor is worth what they’re asking, but because they spent a lot of time on restoring it, and they expect to get paid for the all the hours they spent on the restoration.

The price should reflect how rare, operating condition, location, and appearance. Do you want to spend a lot of money on a tractor that looks like those in the pictures if you’re looking for a tractor that you plan to use heavily on a regular basis? If all you plan on doing is showing it off at meets and drive it in parades, then it may warrant a higher  price if it’s your dream tractor.

I would suggest that they do a search by tractor type on the internet, for tractors in their area. All they have to do is type in something like “ Farmall H, Michigan”. That should turn up listings for anything in the area. They can also search for something like “Tractor Auctions, Ohio”. They should get a lot of hits that way. They can also call local tractor dealers and ask for their opinion. They may get an offer from the dealer and they won’t have to pay the auctioneer’s fee for the sale.

I also question why an auctioneer would be looking for prices. If they’ve been in the business for any length of time should have an idea of what the values should be. Maybe this one is from a big city and has never dealt with tractors?

Carl

----- Original Message -----
From: Spencer Yost <spencer at rdfarms.com>
To: at at lists.antique-tractor.com
Sent: Thu, 17 Sep 2020 17:16:57 -0400 (EDT)
Subject: [AT] Something to do

Here’s something to do while hunkering down from fires, floods and pandemics:   Help a family value some antique tractors.

I got this request from someone who I assume was a family member and is sort of serving as the liaison with the auctioneer.   Why they want a value if they are working with an auctioneer I am not sure. Maybe to have a reserve, or maybe to present a few tractors for sale to family members?

Either way I get these requests fairly often. I usually can answer them on my own because it typically involves very few tractors that are very common and in rough shape. But this collection looks to be nice so I would like some help since I am not an expert appraiser.

All seem to be good-to-very nice restorations with good rubber.   I include a list of the tractors and a few pics that I believe are representative of the quality of restorations.   I won’t deluge you with the dozens of pics he sent.

I have my idea as to the values.   Just curious what your ideas are?

Spencer Yost

Sent from my iPhone
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