Auction Pete's Point of View

notafarmer

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1981 IHC 6588 2+2 tractor with 5000 hours (good) sold for $14,500 on recent northeast Iowa farm estate auction - 6/1/2012


VERY HOT USED TRACTOR: IHC 1468
From 1996 - 2005 the highest auction sale price I saw on an IHC 1468 Tractor was $15,250 (4/6/05 farm auction southeast MN for a 1972 model with 6874 hours, "Good" condition). Since 2010? I've seen (7) IHC 1468's sold from $16,000 up to $26,000, making IHC 1468's (made by IHC from 1971-1974) one of the "HOTTEST" used Tractor models I see out there. No huge surprise I guess. Couple factors at working helping to push values on IHC 1468's HIGHER. 1st is the GROWING TREND of the new collector Tractor...by that I mean Models of all colors from the mid to late 1960's up into the mid 1970's, so the IHC 1468 falls smack dab in the middle of this trend.

2nd factor working in favor of RISING values on IHC 1468's is their rarity. IHC only made 'em a couple years. Pretty challenging to find very nice ones now that they are 40 years old. When nice ones do come available? Katie Bar The Door....strong bidding about to ensue. Here's a list of the (7) IHC 1468's I've seen sold for $16K or more since 2010:

3/24/12: northeast Indiana, original, good: $17,250
3/24/12: northeast Indiana, MFWD, original, good: $26,000
5/22/12: northeast Iowa, 1974 model, fair, stored for 10 yrs: $19,500
7/16/11: northeast Kansas, 1973 model, excellent, new tires: $23,750
11/14/11: east-central Illinois, 1974 model, 5316 hours, good, new bearings: $22,000
3/13/10: west-central Illinois, 5834 hours, good: $17,000
11/13/10: north-central Iowa, 1971 model, 6100 hours, good, overhauled: $16,000

Note the IHC 1468 I've highlighted in the list above, the 1974 model in only "Fair" condition just sold for $19,500 on a northeast Iowa farm estate auction May 22, 2012. This sale was by my auctioneer friend Bob Humpal with Humpal Auction Co. out of Fort Atkinson, IA. This auction had another unusual Tractor...a 1981 IHC 6588 2+2 with 5000 hours. Bob told me it was in "Good" condition with 18.4-38 tires, duals, cab, 3pt., diesel, 150 HP, 16/8 speed and SN# 8894. It sold for $14,500.
 
 
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