September 28, 2020

1971 IHC 1066 Tractor sold at auction last week for $86,100 (1st one made!), Pete talks the collector tractor market with auctioneer Kurt Aumann

1 hour

Machinery Pete and auctioneer Kurt Aumann with Aumann Vintage Power of Nokomis, IL discuss the collector tractor market, including the 1971 IHC 1066 (1st one made!) with 2,993 original hours Aumann sold it for a new record price of $86,100 on a 9/22/20 collector auction in Iowa. Aumann tells stories on the following record price setting tractors he's sold over the years (IHC 1468 for $52,000 in Kansas in 2017; John Deere 4000 gas Power Shift for $82,500 in Minnesota in 2015; Oliver 2255 FWA for $56,700 in Illinois this year.

[:35] - Machinery Pete previews his conversation with Kurt Aumann
[3:37] - Interview with Kurt begins
[4:55] - Unbelievable new sale record set for the IHC 1066
[7:21] - What Kurt was hoping to sell for and the reaction to the high price
[10:21] - Where did the tractor go?
[12:06] - Memories of some of Kurt’s top tractors sold
[25:30] - Following the data on antique and hobby tractors
[31:48] - How will we look back on today’s tractors in the future?
[36:43] - Kurt’s start in the auction business
[40:05] - Live auctions in 2020
[50:00] - Upcoming Aumann Auctions
[57:55] - Final words from Machinery Pete

Machinery Pete was founded in 1989 and has grown from its humble beginnings to a full-fledged marketplace for farming equipment. Greg Peterson, founder and host, has also released Machinery Pete content across platforms including YouTube with his long-running Machinery Pete TV show.

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