Learn how to better manage your machinery investments from Greg Peterson, a.k.a. "Machinery Pete." He's been researching and analyzing machinery auction prices for more than 20 years.
Record Auction Price on IHC 1468 Tractor
Oct 07, 2013
IHC 1468 tractors are hot. Red hot.
The latest proof came on a September 26, 2013 online farm auction in northwest Ohio by my friends at Schrader Real Estate & Auction. The IHC 1468 pictured above with 4,685 hours, a V8 diesel engine, 1 owner, sold for $34,250 ($33,250 purchase price +$1,000 buyer's commission = $34,250)...a new record high auction price. This is the 4th time I've seen a new record sale price set on IHC 1468's in the past 3 years. Here's the tally with accompanying pics & Youtube video:
* $17,000: model year?, 5,834 hours, sold on 3/13/10 west-central Illinois auction. Video:
* $23,750: 1973 model, restored, sold on 7/6/11 northeast Kansas auction. Picture:
* 31,500: 1972 modeo, 3,869 hours, sold on 7/14/12 northwest Iowa auction. Video:
* $34,250: model year?, 4,685 hours, sold on 9/26/13 northwest Ohio auction. More pics:
As I've been writing and blogging about for 2-3 years now, this segment of the used market featuring really good condition tractors from the mid 1960's - mid 1970's just keeps getting "hotter"...what I like to call "The New Collector Tractor". How long with this record sale price on IHC 1468's stand? Stay tuned.