A 6-figure Deere 8400 at auction
I knew this tractor would sell high. The question was how high?
A 1997 model John Deere 8400 mechanical front-wheel drive tractor with only 709 hours on it sold Monday (September 19, 2011) on a farm auction in north-central Illinois. My friend Dick McConville was the auctioneer. A 14-year old tractor with only 709 hours. Just don't find those every day, do you?
It sold for $104,000.
I've seen 243 JD 8400 tractors sell at auction over the last 15 years. How high is $104K? The second highest auction price I've ever seen and the highest in the U.S. The only higher auction sale price I've compiled on a JD 8400 came on a farm auction in south-central Ontario, Canada back on March 5, 2010. A 1997 model 8400 with only 544 "1 owner" hours sold for $112,500 (Canadian $$) on that sale.
I spoke with auctioneer Dick McConville today about the auction. He said a local dealer stopped by the week before the sale and told him he thought the JD 8400 could go as high as $105,000. Turns out he was pretty close. Here are a few other sale prices from Monday's auction in north-central Illinois:
- 2007 JD 7630 MFWD tractor with 186 hours: $104,000
- 1964 JD 4020 tractor with sprayer: $8,500
- Axle duals off 1964 JD 4020 tractor: $1,300
- 2008 Sterling LT8500 truck with 20' aluminum grain box, 8,738 miles: $93,000
- 1999 JD 9610 combine with 1,814 engine hours: $65,500
- 1992 JD 925 grain head: $8,200
- JD 643 corn head: $5,000
- Shoop corn reel for down corn, never used: $2,100
- Brent 540 gravity wagon: $9,900
- JD 7200 12R-30 planter, insecticide, herbicide, wing fold: $13,250
- MC grain dryer, continuous flow, only 545 hours: $16,000
- JD 712 9-shank chisel with NH3 knives on back: $5,600
- JD 331 disk, 26': $3,650
- JD 726 30' soil finisher: $22,750
- JD 12' grain drill with grass seed: $600
- JD X485 garden tractor with 524 hours: $5,000
- Generac 5500 Watt generator: $550
Dick mentioned he just sold a 120 acre piece of ground last weekend for $9,900/acre. Hard to tell these days which is hotter...land values or used tractor values?
www.Machinerypete.com (1-yr. subscription $69.95; 1-week $10):
- "Auction results" 281,146 sale price on ALL types of equipment. Updated daily
- "Upcoming auctions" free searchable list of equipment on upcoming sales
- "Dealer equip." free searchable list of equipment for sale by dealers
- "Who Makes it?" searchable database of farm equipment Mfg's
- "Classifieds" free place to list your used equipment for sale
- Machinery Pete blog...see what Pete's yakking about
- Machinery Pete's 2010 Auction Price Guide: $19.95, call 800-381-0423
- Pete's new Facebook page
- See the latest Agriculture.com columns from Pete