Last Allis Built-$46,000

What a steal! It would be worth that if it was ragged out and had 8,000 hours on it. Lets put this in perspective- the new Ford pickup I glanced at our show last week was $48,000. Is a new pickup a good investment? What will it be worth in 10 years? Someone made the right move buying this 6070.

I have to respectfully disagree. It was on an open auction. Anybody could have bid and bought it. 46000 is its value. If you had put 25000 in an investment 25 years ago and cashed it out yesterday for 46000, your rate of return would be 2 percent compounded daily. You can get that money almost anywhere.
I do agree it sold light in my opinion, but not many would have the climate controlled facility to care for such a purchase either.

I wonder who the new owner is. 

    It takes Bidders ,not someone that thinks it is worth more .

To me the last something or other built is a lot different from a rare low production item,
the only thing that makes the last one built different from all the rest is the serial number.I know that brings some premium but its exactly like all the others  built.It'd be neat to have but if I had $46,000 in hand to spend on neat tractors it wouldn't have been on that one.Think about all the tractors and equipment $46,000 could get how many would actually hand over the $$$$ for that tractor? Saying "someone" should have paid more
and forking over that amount of cash in hundred dollar bill$ is two totally different things.

And what would it have been worth "IF" corn was in the $7 and $8 range again?  

So a 220 fwd is worth more than the last Allis ever built. Anyone that would use that 6070 as a working tractor is a fool. Needs to be in the Smithsonian.

JayIN wrote: 46,000 is only 5 acres of prime farmground around here. Fanetti probably paid around $22,500 for it when he bought it. Doubled his money in 30 years. Wasn't such a good investment after all.

Really he didn't double his money as $46,000 today won't buy anymore than with
many things than $22,500 would  have bought 30 years ago but the good news is
at least he stayed even.Really boils down to how much it meant to him to have that tractor in his possession.If he'd of bought Gold with the 22K 30 years ago he could have cashed out now around 80K depending on exactly when he bought it.

Lonn wrote: You can get 2% compounded daily??? Why am I missing out??? I'm sure you misstated or I took your statement wrong. Compound .000054795% daily to get an annual rate of 2%. $25,000 x .02 = $500 on the first day earned. 2% yearly interest rate is about $1.37 on the first day. I'm not sure what that works out to be over 25 years.

Probably just means 2% annual interest, compounded daily, so you're both correct. You can make the compounding period from annually to daily to "continuously" where you use the exponential function, which between that and daily ends up being pennies a year for a given interest rate.

I am sure I heard a story once that the last tractor off the line was an 8070 mfwd, and it was put in "storage". That's just a story, but I suspect if the last tractor off the line was a "purebred" Allis and one of the 8000 series or one of the 4w220 or 4w305, it would command A LOT more than a 70 hp half fiat tractor. JMHO, Trev.

Tbone95 wrote: Lonn wrote: You can get 2% compounded daily??? Why am I missing out??? I'm sure you misstated or I took your statement wrong. Compound .000054795% daily to get an annual rate of 2%. $25,000 x .02 = $500 on the first day earned. 2% yearly interest rate is about $1.37 on the first day. I'm not sure what that works out to be over 25 years.  Probably just means 2% annual interest, compounded daily, so you're both correct. You can make the compounding period from annually to daily to "continuously" where you use the exponential function, which between that and daily ends up being pennies a year for a given interest rate.

Yep I get what he meant. It just didn't ring right in my ear when I first read it. Is this still "interesting"? Pun intended.

Now the 8070 that went to some Araib country[ prolly spelt wrong] now that would be worth some cash the second to the last off the line and it was all ALLIS CHALMERS.           I hope the 6070 ends up in a museum. Thirty + years ago we had 2- 220 Fwds who would of known.   Hind sight .

I agree with IG as well - the tractor was well bought.  Hopefully it goes to a home as good as the one it had.

ILGLEANER wrote: Argue one way or the other we are neither right or wrong. My opinion, if corn was still 7 or 8 dollars it would have brought more. I would have bid to own the last one. It was the only tractor in the collection you can't replace anywhere in the world. No where, nota, nothing. Its the only tractor that was the last made by a company that had made tractors for years. Anything else is people saying this or that. Like the 220fwa. There is no proof nor will there ever be proof, of how many were made, or exist. I would take the 6070 over the 220fwa for the same money. Its 1 of 1       IG

What would a new 70hp Deere cost today? If it was a 6080 and corn was $7-$8 bu it would have been tempting.   And gasp it would have gone to the field the day it came off the gooseneck.