When the TradeMe auction for the International 574 Tractor and free farm closed on Sunday night, vendors Shelley and Allan Holland thought they had a deal for $250, 000.
Yesterday the man who placed the highest bid, pulled out because his bank wouldn’t finance the deal.
Who would make an agreement to spend a quarter of a million dollars, with the eyes of the world on them, without checking with their bank first?
Perhaps that was in the days when a deal was a deal and could be sealed with a handshake.
The Hollands took a gamble and gained worldwide interest because they took a risk and undertook to respond to everyone who asked a question or comment.
They also undertook to donate $10,000 from the sale to charity and their concern when the deal collapsed wasn’t for themselves but those they’d wanted to help.
It’s not just us. We’ve still got our land, we’re no worse off than where we started … but it’s all the people that we promised money to. We wanted to give $10,000 to some people that we thought really deserved it because people had been so overwhelming with the auction and we had such an incredible response.”
“And now what do we do? We are just absolutely gutted – totally and utterly gutted.”
The couple was disappointed for people they had offered to support out of their earnings, including one boy named Ollie whose plight had come up in the question-and-answer section of the auction. Ollie needs medical treatment in the United States.
TradeMe contacted other bidders informing them the sale had falled through and there’s a message on the sale page saying this item was sold to another member.
I hope it was for a sum close to the closing bid.
Hat Tip: Kismet Farm who left a comment on yesterday’s post about this.
When Shelley and Allan Holland put their International 574 tractor on TradeMe with their 8 hectare Catlins farm thrown in for free and just a $1 reserve they were taking a gamble.
But thanks to the publicity generated by the novelty of the auction and their dedication to responding to the thousands of questions and comments, the gamble paid off.
The tractor would be worth about $5,000, the property had been lsited with a real estate agent for $230,000 and the QV for it was $260,000.
The auction closed last night with the winning bid of: $250,000.
Bidding on the International 574 tractor for sale on TradeMe has passed the QV for the farm which comes with it for free.
The QV is $250,000 and the latest bid as I write (at 11.20) is $250,300.
The auction closes at 10.30 tonight.
It has attracted 298,522 views and TradeMe is donating their fee to charity.
The latest bid on the old International 574 tractor for sale on TradeMe is $233,032 – nearly $230,000 more than it’s worth but still not quite at the QV for the 8 hectare farm that’s been thrown in with it for free.
The auction has attracted 229054 views – and climbing by the second. It’s also helping a young boy who suffers from a rare medical condition.
His mother tried to auction a section on TradeMe but the auction was pulled. She then left a comment about this on the ask-a-seller for the tractor auction:
Good Luck – Trade Me pulled my listing similar to this – I was trying to fund raise for my son’s medical treatment in America and did an auction with a buy now that would include some land by the beach – its listed on Trade me so i had already paid the real estate listing fee – but they wouldn’t allow it – Hope you get what you need for the land.
She then left a further comment:
Still fundraising – relisted my auction (218925767) without the land bit – was tempted after seeing how successful this one is going – but I live rurally and Trade Me is how I get by when i can’t get into the City to get what I need… so better not annoy them.
Someone then asked for a bank account so they could donate money and it’s turned into a fundraiser to help pay for the enzyme repalcement therapy her son needs.
Jim Mora’s panel interviewed his mother yesterday (a bit more than half way through part 1).
Don’t tell Dr Bollard, the latest bid on the International 574 tractor for sale on TradeMe is $230,200.
A tractor that old – I think it must be 30ish, would normally sell for about $5,000.
The farm which is being thrown in to the deal for free has a QV of $250,000.
The auction has attracted world-wide interest and the vendors have opted to reply to every question and comment. As I write, there have been 132,168 page views, which I think is a TradeMe record.
News of the tractor for sale with a free farm on the side has gone world wide.
Vendors Shelley and Allan Holland listed it on TradeMe with only $1 reserve, but the publicity has attracted bidders and the latest bid is $230,000 – approaching the $250,000 QV with a week still to go before the auction closes.
Shelley has undertaken to reply to questions and there’s already been hundreds of them. I copied a few here yesterday, and here’s a few more:
Q: Does the Tractor have a beam? Good luck – I love people whom are bonkers!
A: High beam or “Beam me up” beam?
Q: hi if i win would the locals kick up a stink if i put a six lane motorway thru .and housing nz devepment appartment blocks on site
A: I think they may well impale you wiith a very sharp pitch fork dipped in acid and set on fire
Q: Hi there This is a great feel-good story. Interested in being Auckland Super mayor?
A: I don’t handle idiots too well, but thank you for the vote, Shell the mayor, Sounds cool
An International 574 tractor is probably more than 25 years old and would normally sell for about $5,000.
The latest bid for the one being offered on TradeMe is for $155,800 It:
. . . has a bucket, folks and a back blade.
Folks? I think they mean forks but there’s nothing special about that or anything else to do with the the tractor, it’s that there’s a farmlet being thrown in for free.
The 20 acre (that’s about 8 hectares) farm is in the Catlins and comes with foundations, presumably for a house and they’ve had an engineer’s approval to build). The property also boasts a woolshed, workshop, large woodshed, two creeks, native bush, some grown and pruned pines, and has power and swerage connected.
It is on 3 terraces and with the layout of the land will be an exceptional site. There is another building site on top of the hill where the view is great, looking down the valley. Or simply have it as a great home block with the best group of locals you will find anywhere.
The QV is $260,000.
Some of the questions and answers:
Q:Where the heck is Caitlins….no idea where it is……
A:The Catlins runs between Balclutha in Otago and Invercargill. I was tar sealed a few years ago and is now a jewel in our tourist crown. I had been in International news as being in the top destinations of the world. Unreal beaches and sceanary. Is an ideal setup for a camping ground, restraunt etc etc. Clutha and Southland Councils carn’t keep up with the infrstructure as the growth has been unprecidented.
Q: does it rain much there ?
A: Compared to Auckland no, It has a good regular rain that it does not drought. Saying that it has one of the best drainging soils in NZ. We looked into turning it into a Hazelnut orchard.
And a couple of poignant ones, the second from someone who doesn’t know that you judge tractors by hours used not kilometres travelled:
Q:Why are you selling up what apears to be all your land/house??
A:My husband has been here all his life and we want to have a look around and travel for a while. We bought the farm to put into a business or an orchard and up until bedtime last night we were going to take it off the market and keep it as a base for us for the future. But he said to list it for a $1 and now it’s too late to change our minds. This is why you shouldn’t make decesions when you are tired.
Q: what year and how many kms has the tractor done?
A:I am not sure what year the tractor is as my husband is at work. We bought it last year to do the fencing and farm work, it has never missed a beat, we have it here in Gore if you want to see it, It gets looked after better than I do.
Q: Were you really “tar sealed a few years ago”? Sounds extremely painful.
A: Lol. “IT” was tar sealed a few years ago. Thats what happends when I couldn’t sleep all night from wondering just what we had done. I carn’t believe we did this, It was going to be our back up for the future and now I think I need help. I guess I shouldnt have been such a dutiful wife lol.
But she retains her sense of humour:
Q: Here’s a link to a Google Maps Street View of the property, you can follow it around the road but there isn’t any good satellite view over top of the property.
Q: Good God, what have you done??!!! Now all those North Island yuppies will see just how mind blowing gorgeous our part of the country is and the next thing you’ll they all be here!..lol Best of luck with your listing, and with whatever you do later down the track 🙂
A: Have you got any idea how many people down here have said the same thing.
Hat Tip: ODT
Pique Oil left a comment on an earlier post about seatbelts in tractors saying:
I work in the OSH industry and one of the most frustrating things is seeing a seatbelt done up to activate the sensor, but operators sit on top of it.
Here is a youtube link that shows a forklift fatality. Not gory at all but a seatbelt would have stopped him being thrown out the back and crushed to death.
seatbelts save lives. Anyone who thinks that they are a nuisance or inconvenient or Fred would have died if he had worn his etc. etc. should ask themselves whether their widow would have preferred they wore a seatbelt.
I agree, my earlier post wasn’t arguing seatbelts shouldn’t be worn, it was to say it’s difficult to convince people to use them (and other safety equipment).
The photo below is a tractor after it rolled five times and finished on its wheels, facing the opposite direction from which it had started.
It had a seatbelt but the driver wasn’t wearing it. At one stage he remembers his legs going outside the cab and thought “this is how people die”. We think he then hauled himself back in by the steering wheel.
He ended up with a bad gash in the head (possibly done by fire extinguisher which hadn’t been secured) and fractured five pedicles on his spine. He’s made a full recovery but could very easily have died.
Farmer Baby Boomer also left a comment on the earlier post:
Was listening to newstalkzb’s Danny Watson discussing this yesterday. A guy rang up and talked about ’springbelt’ – a belt for tractors which is in the way unless you do it up. He claimed it is positioned so that it is quick and easy to do up.
It is on the web at http://springbelt.co.nz/springbelt.htm
May be interesting to get on a trial see if it is convenient or just adds frustration to the ” in and out of the cab ” type jobs you mentioned.
If it works that could be the answer because no matter how often people are warned of the dangers, it’s too easy when you’re busy and not aware of any dangers, to ignore simple precautions.
Coroner Allan Hall has called for mandatory seat belts in tractors after an inquest into a farm worker who was killed when the tractor he was driving rolled.
He said if a seat belt had been fitted and used then the man would have survived.
The operative word here is not fitted but used.
You could put seat belts in tractors, and some already have them, but I don’t rate the chances of people using them very highly, especially if they’re doing a job which requires them getting in and out of the cab often.
The price of hay has tripled to up to $14 a bale in areas hardest hit by last summer and autumn’s drought and baleage has more than doubled from $70 to $160.
Agribusiness consultant David Baker said dairy farmers, who have received record payouts, could afford to pay big prices being demanded for winter feed, and had pushed cash-strapped beef and sheep farmers out of the market.
“Those with dairy cows are paying, in some cases, as much as $21 to $28 per week per head of cattle for grazing.
“Those with beef cows just can’t match that, and many are being forced to get rid of their capital stock at the freezing works because the costs just do not stack up.
“There is a real sense of greed growing out there, as those with the land available for grazing deliberately set out to get top dollar from dairying at the expense of the beef and sheep farmer.”
When does a sensible commercial decision to take the best price become greed? Those with hay are in business too and know the wisdom of making money from hay while the financial sun shines. And dairy farmers won’t pay any more than they have to because the high price for milk is being tempered by rising prices of wages, fuel, power, fertiliser, feed and other inputs.
The lack of feed and the huge prices being asked is biting into farmers’ incomes.
For the past three years, Wairarapa hill country farmer Stu McKenzie has taken a financial battering, and the crisis on the farm on the back of double droughts is far from over.
Mr McKenzie, like other sheep and beef farmers in the worst hit areas in Waikato, Taranaki, Wairarapa and Hawke’s Bay, say the escalating feed prices had eaten into any profit.
He has lost more than $300,000 a year over the past three years. “I am paying up to $8 per head per week, where $3 was once the asking price. It does impact when you are talking about hundreds of cows being sent out, and it is not easy finding somewhere for them to go as dairy farmers snap up most of what is available.”
According to the Agriculture and Forestry Ministry, the drought will take away $1.24 billion from the farm gate this financial year.
It is difficult to sustain a big loss from one season, even if it is cushioned a little by capital gain. When it happens three years in a row it will be eating into equity and will out pace the rise in the price of land.
Farmers in areas where dairy conversion or support are options are doing the figures and getting out of sheep and beef or selling up altogether, but those options aren’t possible everywhere.
Making matters worse is below average rain in many of the drought affected regions. When we drove from Auckland to the fieldays paddocks which had been bare when we passed through in February, were looking good. But locals told us it was a green drought – there had been enough rain to give a bit of green but not to provide much cover.
As recession bites the dry weather and low incomes won’t just affect farmers and their communities, it will have an impact on the national economy too. But not all sheep farmers are struggling. Four of the last five tractors sold be a machinery dealer in Gore have gone to sheep farmers.