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Re: KF700sp and AD741 used pricing
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From: [email protected] <[email protected]> on behalf of Patrick Kane <pwk5017@...>
Sent: Tuesday, January 5, 2021 2:55 PM To: [email protected] <[email protected]> Subject: Re: [FOG] KF700sp and AD741 used pricing ?
At the start of this mess, I licked my chops thinking it would be a blood bath on the machinery front and I could buy 1 or more ¡°forever¡± machines. Similar fallout to 2008 when I was a wee lad in college and in no position to spend more than
$5 on a tool. Also, before pros become aggravated with me, I¡¯m in commercial real estate brokerage, so I had my lumps this year too. Anyway, that did NOT happen. Sure, there were auctions but not a ton and the machine prices were very strong. On the Craigslist
front, stuff was crazy. Supply seemed low and stuff that hit the market sold quickly and for a lot. I sold a powermatic 72 for $3250 which I thought was strong verging on very strong. Completely rebuilt, painted, VSCT fence, 48¡± cast iron extension etc, but
still. About 3 months ago I had a good convo with the folks at IRS auctions. They told me it was feast or famine for shops. On top of that, money was cheap and easy to come by if you had any level of credit. Their opinion was that those with access to low
interest money were tooling up aggressively, and thus driving up the used tool prices.?
Yes, I think many more DIY folks were looking for something to do at home, which explains your experience with single phase equipment. A huge boon to this son selling the above equipment. ?
Patrick
On Tue, Jan 5, 2021 at 2:42 PM David Kumm <davekumm@...> wrote:
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