Although I am really not interested in tractors, have never owned one nor ever will, sometimes I watch the Mecum Auction for tractors for a few minutes on RFD-TV. What puzzles me are the immense sums that the mostly older men in the crowd seem to be willing to pay for old tractors. Among the few tractors I saw being auctioned off there was a 1970 Allis-Chalmers for $ 83 000. And I thought the agricultural community is in financial trouble with low commodity prices and a sea of milk flooding the markets so that many are leaving the field (not avoiding to crack a pun here).
What is going on here? And we in the draft horse community thought recently that buyers have gone bonkers with the sale prices for well-trained , and even not so well trained draft horses.