Results of Dick Bodine collection auction

ianoz

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OK , It is about the Auction sales results of Dick Bodines Model collection . My thoughts were it did not show that the models made by ACMOC in recent times Proved themselves to be a good investment .
Lot 94 was a Numbered collectors set of D2s,.It sold for $455 . I know for the standard Box set of D2s i paid $825
My concern is model collectors are looking for things that Gain in value ,So could shy away from the D4 and upcoming models .None of the D2 D9 DW20 and Drawn graders reached the original Selling price.
But all the early ACMOC models Built in America ,sold at very high prices .Meaning a good investment . Is the club going to end up with a lot of unsold D4s and then have the Cable blade one coming along behind it
Don't get me wrong , I hope the D4 sells well, But i think the Collectors market as an investment will be hard convinced to buy one .
I looked at Buying a D4 , Shipping costs Are $62 here to Australia . When I bought the Box set of D2s Shipping for the 5 was $80
I see the Club has bought the Museums stock of D9s The One in the Auction Sold for $160. Club is asking $250 for theirs .
What collector is going to pay that price after seeing the Auction results ?
The other "Brands IE Allis Chalmers ETC , sold at lower Prices than the ACMOC ones . But all in all ,For the Later ACMOC ones to lose half of the value, isn't real good investment.

If the models do not sell well and the Club needs to sell The Caterpillar stock ,then the fallen stock price will turn into a real loss , not just a paper one as it is now.

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Fri, Mar 4, 2016 10:31 PM

chriscokid

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Something that might have played a factor in the prices (now mind you i am not a model expert) is the ones that did bring larger sums were the ones that were produced some time ago.
Maybe the ACMOC models were to "new" to bring the desired sale price?
OR
Something else to consider may be the auction company, if it were not posted on the BB by Chad i would not have been aware of the auction, so how many others would have been in the same boat?
If it were a lack of advertising and the only serious buyers were ACMOC members, then the reason for the ACMOC models not bring much money is they already had one?

Who knows the real reason but a very good observation.

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Fri, Mar 4, 2016 11:07 PM

oldtanker

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Reply to chriscokid:

Something that might have played a factor in the prices (now mind you i am not a model expert) is the ones that did bring larger sums were the ones that were produced some time ago.
Maybe the ACMOC models were to "new" to bring the desired sale price?
OR
Something else to consider may be the auction company, if it were not posted on the BB by Chad i would not have been aware of the auction, so how many others would have been in the same boat?
If it were a lack of advertising and the only serious buyers were ACMOC members, then the reason for the ACMOC models not bring much money is they already had one?

Who knows the real reason but a very good observation.

I know a lot of guys who collect various models of different brands of tractors/equipment. They are telling me that prices are down across the board. Hate to say this but collecting models as investment isn't and never has been a great way to invest money. Things like models, dolls and toys run in waves as far as value goes. My MIL collects dolls. 20 years ago her collection was worth a great deal of money. Now that interest in collecting has slowed down plus things like Ebay and some TV shows have made people dig things out of the attic the value is about half of what it was. The thing is she still collects because it's her one big hobby.

Now on the tractor hobby side of the house interest in collecting both models and tractors is dying too. The new Star War figures and toys are much more desirable and a cool 68 GTO is way better than an old D2 or Farmall H. That's part of the problem. Another part is that many clubs have driven the younger crowd away from the hobby because the old pharts running things don't want any changes. I have 2 friends involved in the tractor club out of Rollag MN. They are fighting declining membership. I ask them about it. OH they have a great show and a great time after hours in the on site camping area according to them. One has a 21 year old son. Ask him about it. He says the show is cool but after hours is boring. "All they do is talk about the old days or listen to on site entertainment that's old country, bluegrass and gospel". Thing is today's young people want to be entertained all the time. And no, most don't want to square dance or listen to old country.

So what should be the new young crowd just starting to have their own places and things to do and most importantly money to spend are not interested in tractor shows or models. They want both night life and the newest electronic gadget! Figure out how to incorporate bluetooth in that model or old D2 and you have them back!

Another side to the model thing is space. I would love to have the D4. I really have no place to display it. Small old farm house and we just don't have the room. Other collectors with bigger homes have so much stuff that they can't display al of it. So why spend money, either here at the store or at an auction that you can't display?

Rick

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Fri, Mar 4, 2016 11:36 PM

7upuller

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Reply to chriscokid:

Something that might have played a factor in the prices (now mind you i am not a model expert) is the ones that did bring larger sums were the ones that were produced some time ago.
Maybe the ACMOC models were to "new" to bring the desired sale price?
OR
Something else to consider may be the auction company, if it were not posted on the BB by Chad i would not have been aware of the auction, so how many others would have been in the same boat?
If it were a lack of advertising and the only serious buyers were ACMOC members, then the reason for the ACMOC models not bring much money is they already had one?

Who knows the real reason but a very good observation.

Hey Team,

ChriscoKid is right on in my opinion. Some Auctions are like a feeding frenzy. The Auctioneer did a good job advertising. Other sales have no action and prices are low. You'll find that advertising wasn't very good. I experienced this in my last 14-a purchase. As for the models, I backed out on a couple of bids. I was at $990 for a Cat 60 model. I just couldn't go a $1000 or more so I stopped. As for the models from Acmoc, I didn't go after them and I noticed them soft, as I own them already. I bought a d4 7u and 40 scraper model and paid more than I thought I should have, but I'm glad I have it now. I don't think it's safe to make judgement on current pricing of models by a single auction result. More auctions and more auctioneers need to be analyzed to make a trend statement. As for future Acmoc models, I just want the committee to know that I applaud your hard efforts and I will be in line to purchase. I want to support our club with positive mojo and dollars. Thank You for your efforts and hard work.
Glen

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Fri, Mar 4, 2016 11:43 PM

ianoz

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Reply to chriscokid:

Something that might have played a factor in the prices (now mind you i am not a model expert) is the ones that did bring larger sums were the ones that were produced some time ago.
Maybe the ACMOC models were to "new" to bring the desired sale price?
OR
Something else to consider may be the auction company, if it were not posted on the BB by Chad i would not have been aware of the auction, so how many others would have been in the same boat?
If it were a lack of advertising and the only serious buyers were ACMOC members, then the reason for the ACMOC models not bring much money is they already had one?

Who knows the real reason but a very good observation.

Was going to put a link up with the post to the results , but forgot .
https://shobeauction.hibid.com/catalog/71613/construction-and-farm-toy-online-auction/
Hopefully dctex99 being a model seller will add his thoughts .

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Fri, Mar 4, 2016 11:43 PM

Rome K/G

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Reply to ianoz:

Was going to put a link up with the post to the results , but forgot .
https://shobeauction.hibid.com/catalog/71613/construction-and-farm-toy-online-auction/
Hopefully dctex99 being a model seller will add his thoughts .

I agree some shows are not fun anymore, everything is not safe, you cant do this and you cant do that or a lawsuit can happen. Some of us young guys years ago would hook a crawler to a wheel tractor and have a tug-a-war, we had so much fun! Or set a section of wheat stubble on fire and see who could plow it out the fastest, of course the area was only maybe an acre and plowed all around the outside. Have a big fire going and pickups backed up to it and radios blaring country music. Maybe kids dont know how to have good time anymore these days with old stuff.

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Sat, Mar 5, 2016 12:51 AM

chriscokid

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Thanks for the info Peter,

Just speaking from my position the models i do purchase i get because i want it or really like the way it looks...not as an investment, I do the same thing with real tractors.
There are no "sure" things as far as investment goes (at least that i know of), i remember my grandfather saying that land was the best investment because "they quit making that a long time ago". And for his generation that was a very true statement. But now depending on location and local economy that statement is not so true.
anyway......
I am looking forward to the new D4 and even more so the 25. I hope that they will bring lots of enjoyment for their new owners. Thanks for the many long hours that the team has put into these projects!

Getting a little off topic to the original thread but since it was mentioned:
As far as getting the young ones excited and involved in Caterpillars, i have found that all you have to do is get the kid on the machine and provide them a hands on experience. In today's world as a young person they have to much 2D experiences. Everything is seen either via a TV or some hand held device. Over the past few years we (my family) have tried to include as many young people at shows as possible. One real easy way ,that is not to intimidating, is for them to ride along with a operator on the back of a pull grader and have them control the blade. Boy do their eyes light up! Also i try to let a young person drive a small crawler like a Ten. My hope is that these experiences will give them a lasting memory of a enjoyable time that someday they will want to repeat. But.... does chapter 12 have any young members......other than my two sons and myself......we are the youngest members. But hopefully if we continue to provide these experiences the membership will grow in the younger direction!

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Sat, Mar 5, 2016 1:51 AM

chugwater crawlers

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Reply to chriscokid:

Thanks for the info Peter,

Just speaking from my position the models i do purchase i get because i want it or really like the way it looks...not as an investment, I do the same thing with real tractors.
There are no "sure" things as far as investment goes (at least that i know of), i remember my grandfather saying that land was the best investment because "they quit making that a long time ago". And for his generation that was a very true statement. But now depending on location and local economy that statement is not so true.
anyway......
I am looking forward to the new D4 and even more so the 25. I hope that they will bring lots of enjoyment for their new owners. Thanks for the many long hours that the team has put into these projects!

Getting a little off topic to the original thread but since it was mentioned:
As far as getting the young ones excited and involved in Caterpillars, i have found that all you have to do is get the kid on the machine and provide them a hands on experience. In today's world as a young person they have to much 2D experiences. Everything is seen either via a TV or some hand held device. Over the past few years we (my family) have tried to include as many young people at shows as possible. One real easy way ,that is not to intimidating, is for them to ride along with a operator on the back of a pull grader and have them control the blade. Boy do their eyes light up! Also i try to let a young person drive a small crawler like a Ten. My hope is that these experiences will give them a lasting memory of a enjoyable time that someday they will want to repeat. But.... does chapter 12 have any young members......other than my two sons and myself......we are the youngest members. But hopefully if we continue to provide these experiences the membership will grow in the younger direction!

I agree with Erik. I have let a lot of my friends kids crawl on whatever tractor I have around at the time. The kids are the future.

The operator who dug cellar holes for my father used to let my brother and me take turns running ( if you could call it that) the dozer around. I have been hooked on them ever since.

As far as the models go I think the D4 will sell. It attracts the construction and the farm collectors. Selling wholesale to dealers is going to help.

I think it's risky to consider any model or for that matter any antique tractor an investment. I have lost money on almost every tractor I ever sold and broke even on a couple others. I look at it as my hobby. When I decide to sell one I price it to move it.

I'm down to one Cat now and it looks lonely.

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Sat, Mar 5, 2016 11:47 PM

Results of Dick Bodine collection auction

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