I'm looking to put the sickle bar that came with the Ford 640 I bought, up for
sale. How much should I ask for?
It seems to be in great shape...
If it's ORIGINAL Ford blue, and it's a pitman arm mower, it's a model 501. There should be an ID plate on it somewhere. (I can't recall exactly where though) Assuming it's in usable condition, expect anywhere from $350 to $750 for an "average" price. Some particularly good salesmen/horse traders have been known to get more, on up to the highest priced 501 I know of to sell at $1200. Rough condition, I've seen 'em sell as low as $100. Good mowers for pitman style.......
Yep. I've seen two 501s go for about $900 on eBay. Both had nice powder blue paint jobs and a bunch of bidders who probably either didn't know the value of this sicklebar or who were a group of "highly motivated" buyers. Another reason to avoid farm equipment auctions if you don't have info on ballpark prices.
Flusher,
I assume when you speak of farm equipment auctions you are refering to Ebay equipment auctions.
Farm equipment auctions are one of the best place to find equipment. I have been buying and selling farm equipment at auction for years.
All you need to do is look at the advertisement for the auction and if you see something you like call the auctioneer and arrange a time to look at the equipment. But first do a check on a place like here or other online pricing guides to see what similar eqiipment sell for at auction or at a dealer in your local area. Once you determine you can afford the equipment go see it and look it over. Always avoid recently painted equipment at auction. Paint can cover up many dollars of problems. Also come up with a price under retail so you can do Isome repair if necessary. I would say never spend more than 90% of retail and many times less all according to the avalibility of the equipment you are looking at in your area. Then set a limit and go bid. If you win the bid you get the equipment at a price you want to pay if not just keep looking. At auction prices are normally many dollars less than retail.
So what wrong with an equipment auction?
Don Worrell
Auctioneer
All things equal, I LOVE auctions! Going to a good one saturday!
Lucky you!!! I sure miss goin' to auctions - not much of that action up here! Have a hot dog for me..
AKfish
I try to be as diligent as you are when eyeballing stuff at the local farm equipment auctions. It's the other guys who are bidding against you without doing their homework and running up the price beyond what's reasonable. That's my beef.
Flusher,
So what wrong with an equipment auction?
Don Worrell
Auctioneer
Auctions are a great way to waste a day trying to buy something for less than retail. Typically, uninformed buyers bid equipment up to a price above used retail price. Sometimes used equipment goes for new price or more; especially lesser-quality 3PT stuff. Last auction I went to, a large farm auction in NJ, The auctioneer announced before the sale that the owners would be bidding along with the rest of us, as some of the partners were leaving the business. Remaining partners could bid up a storm as they could bid over value as they were paying only a fraction. In my part of the world right now the place to buy used equipment is off a dealer's lot, not at auction.
The short answer is auctions are great if you are the auctioneer getting a cut from one or both sides of the action. But you have that part figured out, I see.
You are correct in advising to look in advance and set a max price. That way if you end up bidding against the house, you won't exceed a pre-set reasonable value.