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A 1981 Ford F700 truck sold for how much?

Agriculture.com Staff 09/13/2007 @ 1:30pm

I had seen 290 Ford F700 trucks sell at auction over the last 11 years through last Friday. Number 291 sold Saturday (September 8, 2007) on a super nice farm auction in east-central Nebraska.

It turned out to be the second highest-selling Ford F700 I've seen. The 1981 model F700 sold for $23,750. It had tag axle, 5x2sp, 429 V4 engine, power up & down hoist, an 18-foot box and had 62,800 miles on it.

Oh yeah, and it was red in color.

Obviously this was one nice truck. Often times I write about high auction sale prices like this truck. I hope folks don't think I'm trying to single out these sale prices, implying I think the buyer paid too much.

Heck, I'm just reporting on the facts, what stuff sold for. The beauty of the auction method is it takes two to tango. It's not one buyer deciding how much to pay, it's multiple buyers deciding together what the right price is.

In this case, $23,750 for this 1981 Ford F700.

As I've been saying for 10 months now, used equipment values are going up.

In particular, I've noticed farm truck prices trending strongly higher here in the last four to six weeks. Another very high auction sale price that jumps to my mind is the 1980 Chevy 70 that sold for $27,000 on a farm auction August 16th in south-central Minnesota. It was a twin screw truck with 61,607 miles, 427 engine, 13 speed, Tafco 20-foot box, 63-inch sides, cargo doors, grain door & hoist and like new 11R-22.5 tires.

A funny coincidence: On both of these auctions where the highlighted trucks sold high, the auctioneers sent their sale price reports in to our office with the word "Wow" scribbled in next to the truck sale price.

You know the used farm truck market is hot when auctioneers are saying "Wow" to what they're selling for.

That Ford F700 wasn't the only high selling item on the farm auction last Saturday in east-central Nebraska. A 1980 JD 6620 combine with 2,100 hours, new rubber and a new chopper in 2001 sold for $19,300.

That's with NO heads included.

Going through our auction sale price data on 6620 combines, I found this to be the second highest selling 6620 combine I've seen in the last four years.

Click here to download a PDF with expanded auction price data on John Deere 6620 combines.

I had seen 290 Ford F700 trucks sell at auction over the last 11 years through last Friday. Number 291 sold Saturday (September 8, 2007) on a super nice farm auction in east-central Nebraska.

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