Auction Hunter - The Results are in.....

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Re: Auction Hunter

Postby bob in CT » Fri Apr 05, 2013 11:33 am

Early ones can be worth up to $75,000 (1909ish). When it comes to the later ones, it takes an exceptional car to bring $10,000. This according to our resident brass car expert at work.
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Re: Auction Hunter

Postby Criswell » Fri Apr 05, 2013 12:38 pm

ricky racer wrote:In my experience, cold and rain only keep the tire kickers home. Those with money in their pockets don't seem to mind the weather.

So what do you think a "T" like that is worth????


As with everything, especially a used car, there are a lot of things that will figure into the price. For an enclosed model T like the Coupe shown, the interior is your biggest "wildcard" as to the price. If it is there, complete and in good condition, that only ups the price. Incomplete or shabby brings it down, fast. Does the magneto work, how are the bands in the transmission, has the rear axle been rebuilt and the babbitt thrust washers replaced, does it need new/rebuilt ignition coils, how are the starter/generator/carburetor/gas tank, what kind of add-ons does it have (rocky mountain brakes, Warford, Ruckstell), how is the radiator ($1,000 brand new)?

Not knowing when it ran last, the condition of the motor/transmission (recent or older rebuild, who did the work?), etc. I would say you would be some where between 6-7 thousand (if you have two guys there that really want it and know something about that particular car), but it will probably be lower, $5,500 (without doing a hands-on inspection).

You will never get back the money that you put into a model T when you are rebuilding it. They are saying it is a 1924 and it may be (I think it may be a 1925), it has later wheels and tires on it, 21" versus the earlier 30" x 3 1/2" wheels and tires. You can't go by the serial number of the engine as most model T engines have been changed or swapped out at one point or another. The front bumper that it is on it is aftermarket. The last four or five 09-10 model T's that I had seen sell (complete restored cars) were struggling to get to $50k, and they had all of the correct bits and pieces on them. When it comes to the earlier 09-10 model T's, the parts are worth well more than what the car would be worth as a whole. The Coupe that is shown is right at the end of the "black-era" model T's 1916-1925 (colors came back in 1926), this is the most abundant/affordable of the model T's, the earlier they get the price goes up. Model T's are great fun to drive and are easy and fun to work on, and parts are readily available.
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Re: Auction Hunter

Postby farmallcub49 » Fri Apr 05, 2013 4:28 pm

Criswell has hit the nail on the head with this. Criswell you and I should chat, besides cubs, Model T's are my other affliction, we currently own 7 and have owned up to 2 dozen in the last 9 years. Model T's are great fun and the next best thing to cultivating, plowing, disking, planting; well you get the point. I have a small restoration sideline business dealing strictly with T's and it keeps me busy and out of the bars. I also sell reproduction parts for Model T's.

I would think that 6,000 to 8,000 is were I would be, but it wouldn't surprise me if it goes up to or over 10,000; especially if they clean the dust off and have it running the day of the sale.

If anyone is ever in the neighborhood, give me a shout and we can go for a Model T ride, but if it is in the winter dress warm.
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Re: Auction Hunter - Results are in.....

Postby ricky racer » Sat Apr 06, 2013 2:07 pm

Well, it was a swing and a miss today. The Cub was a nice honest original that had not been run in 15 - 20 years. It had new, 20 year old, rear tires with the tits still on them. It had a belt pulley and swinging draw bar but other than that it wasn't special. The cultivators weren't complete and the hood had been cut but nothing that I couldn't repair. It sold for $1600. :shock:

Camera photos, sorry about the quality.

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There was a really nice Cub Cadet 169 that with goodies that sold for $900.

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Oh yeah, the Model T sold for $ 7250.

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Re: Auction Hunter

Postby CubitisNH » Sat Apr 06, 2013 7:11 pm

Oh well,nothing ventured,nothing gained.
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Re: Auction Hunter - The Results are in.....

Postby Denny Clayton » Sun Apr 07, 2013 8:24 am

Ricky, did the plow and depth control lever in front of the Cub sell with it? That would add a little more value to the package. Pretty honest looking tractor but too much exposure for a non runner.
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Re: Auction Hunter - The Results are in.....

Postby ricky racer » Sun Apr 07, 2013 9:08 am

Denny Clayton wrote:Ricky, did the plow and depth control lever in front of the Cub sell with it? That would add a little more value to the package. Pretty honest looking tractor but too much exposure for a non runner.


The plow and depth control lever was to sell with the Cub but one attender asked for it to be auctioned off separately so that is what they did after selling the Cub. The buyer however, was the new owner of the Cub buying it for $100.

I agree with your assessment of the Cub, it would be an excellent restoration candidate but it sold for to much money. I looked at it and determined what it might cost to do a restoration and came to a figure that I thought would be fairly accurate. I worked backward from what the Cub would be worth, restored, minus the restoration costs and figured that would be my highest bid. Now the wild card is that the Cub didn't run. If the motor needed an overhaul, that would add another $1200 - $1500 to the restoration cost. In light of that, I was only interested in the Cub if it when real cheap. They only go cheap if I don't attend the auction. :lol:

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Re: Auction Hunter - The Results are in.....

Postby Goraidh (Jeff) » Sun Apr 07, 2013 5:54 pm

Ricky, Did you atleast put a bid on that Ford?
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Re: Auction Hunter - The Results are in.....

Postby ricky racer » Sun Apr 07, 2013 7:25 pm

Goraidh (Jeff) wrote:Ricky, Did you atleast put a bid on that Ford?



No. I knew that was completely out of my price range. :roll:
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Re: Auction Hunter - The Results are in.....

Postby cub47 » Wed Apr 10, 2013 8:12 am

Was the radiator bolster repaired and is that an exhaust pipe laying on the right side of the tractor platform??
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Re: Auction Hunter - The Results are in.....

Postby ricky racer » Wed Apr 10, 2013 10:48 am

cubguy47 wrote:Was the radiator bolster repaired and is that an exhaust pipe laying on the right side of the tractor platform??


No repair on the bolster just a bit of newer paint. :? The extra pipe didn't go to the Cub. I think they found it and didn't know what to do with it so they just laid in on the Cub.
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Re: Auction Hunter - The Results are in.....

Postby Tezell » Wed Apr 10, 2013 5:29 pm

Ricky,

Your auctions turn out like mine.

I have never been to one where stuff sold cheap. I quess when I show up the prices go up also! :lol: :lol:
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Re: Auction Hunter - The Results are in.....

Postby Bill Hudson » Wed Apr 10, 2013 5:42 pm

Tezell wrote:Ricky,

Your auctions turn out like mine.

I have never been to one where stuff sold cheap. I quess when I show up the prices go up also! :lol: :lol:


Tim,

It all depends on what you buy. I made a good buy on a potential project but never got around to it. Sold it, for what I paid for it, to someone who wanted a project but, like me, never got around to it. After several months it is now on Ebay with a starting bid of twice what he (and I) paid for it. I put it on my Ebay watch list. I don't know, there is probably a lesson in there for me. :lol: :roll: I DO like auctions.

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Edit: Just checked Ebay -- no bids yet.
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