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Auction Question

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Brutalfly
10+ Years
10+ Years
Posts: 100
Joined: Sun Jan 19, 2014 5:20 pm
Zip Code: 64011
Tractors Owned: 1973 International Cub S# 241812

Auction Question

Postby Brutalfly » Wed May 28, 2014 7:09 am

It has been a long time since I have posted anything or any questions.
I have kinda had all my questions answered until now.
I was looking through the internet and found an auction for some tractors.
There are about 8 cubs at the auction.
The majority of them have been restored. I think probably 2 or 3 haven't been
There are 5 red cubs and 3 yellow cubs
From what I can tell at least 6 of them come with implements.
I have had some responses on previous posts about going to these type of auctions.
I was wondering what you guys think about what price I should expect for these cubs to sell at? I guess I should ask what range do you think the could go from?
You have unrestored and restored by what the site says.
There are a couple that I am interested in.
1951 McCormick Farmall Cub IH, 4 ft. Belly Mower, New Paint, New Rubber 8.3-24, SN# 104211 (no wheel weights and no rockshafts)
That is just one for example.

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Stanton
Cub Pro
Cub Pro
Posts: 7760
Joined: Mon Jun 22, 2009 6:56 am
Zip Code: 64070
Tractors Owned: 1942 Farmall AV, serial #87025
1947 Farmall Circle Cub, serial #2116
1948 Farmall Cub, serial #46066
Circle of Safety: Y
Location: Lone Jack, MO

Re: Auction Question

Postby Stanton » Wed May 28, 2014 7:22 am

Auctions are widely variable in selling prices. It basically depends on who's there and how much they want it. I've seen a running Cub go for $1200-$1500. I've also seen a family member and a neighbor get in a bidding war and the Cub went for over $2200.

With auctions, my philosophy is simple: If you don't go, you won't know. You just gotta be there and be ready to bid if the tractor appears right for you (and also know your limit).

Let us know how it turns out for you.
Stanton
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tmays
10+ Years
10+ Years
Posts: 3410
Joined: Wed May 11, 2011 8:59 pm
Zip Code: 39154
Tractors Owned: 1969 Farmall Cub
1952 Cub
1942 Farmall H
Location: Raymond, MS

Re: Auction Question

Postby tmays » Wed May 28, 2014 7:38 am

Go early and look things over carefully. They may even let you try it out. But be aware, if you operate it and it does well and other people are watching, you've upped the ante. Know your max bid ahead of time and stick to it. At auctions you gotta remember: it's a dog eat dog world and you don't wanna have on milk bone flavored underwear! :-)
Thomas

Eugene
Team Cub Mentor
Team Cub Mentor
Posts: 20369
Joined: Fri Jul 02, 2004 9:52 pm
Zip Code: 65051
Circle of Safety: Y
Location: Mo. Linn

Re: Auction Question

Postby Eugene » Wed May 28, 2014 3:03 pm

Read the auction flyer over carefully, specially the small print at the bottom. Some auctions the buyer pays a premium, that is a percentage over the actual winning bid. You also need to be aware that some states charge a sales tax on auction purchases, all or just some type of items
I have an excuse. CRS.


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