Machinery Pete: It sold for how much?
I don't attend as many auctions as I used to.
Back 17 years ago when I began collecting and compiling auction sale price data on all types of farm and construction equipment, I used to go to lots of sales, write prices down on my scratch pad, then head home.
These days, most of the sale price data (20,000+ prices per year) we gather comes into our office via e-mail, fax, mail or on the phone directly from our sources. Dealing with all this data takes up most of my time, but I still do like to sneak out of the office and attend auctions here and there.
Such is the beauty of a farm sale coming up December 1 in west-central Minnesota that features a ton of very late-model equipment. Click here to check out the sale bill.
I'll be at this sale with my old scratch pad in hand, scribbling down prices. If you'll be attending, stop and say hi. If you can't make it, catch the live bidding online at http://www.proxibid.com.
This is going to be a very interesting sale indeed, especially timed as it is, early in the pre-planting 2007 equipment planning season. Lots of eyes will be watching to see how things sell given our current reality of rising corn/grain prices.
If you are looking at possibly bidding on equipment on upcoming sales, or will be trying to trade or sell used equipment in the coming months, you should really keep an eye on recent sale price data to give you the benchmarks you'll need to know if youâ€™re making a good deal or not.
Take the pair of 2005 model JD 8240 mechanical front-wheel drive tractors with 175 and 245 hours up for sale on our December 1 auction in Minnesota. Buyers can benefit from knowing what the 2005 model JD 8420 mechanical front-wheel drive tractor with 1,512 hours sold for November 14 on a farm auction in south-central Nebraska ($115,000). The same sale also had a 2005 JD 8420 MFWD with 1,521 hours sell for $110,000.
You'll notice a 2005 model Timpte 42-foot grain trailer sold for $23,500 on that Nebraska sale last week. Turns out the December 1 sale in Minnesota has a 2004 model Timpte 42-foot grain trailer for sale.
The same rule applies to any type of used equipment you're looking to buy, sell or trade. Let's say you're hoping to find a nice 10- to 15-year-old Bobcat 743B skid steer. You'd probably be interested to know these three 743Bs we've seen sell at auction in the last few days:
Recent auction prices on Bobcat 743B Skid Steers:
- $6,800: good, sold 11/16 in east-central Illinois
- $6,000: good, sold 11/18 in southwest California
- $4,000: fair, sold 11/18 in southeast Tennessee
Overall, the average auction sale price so far in 2006 on Bobcat 743B skid steers is $6,010, while the average dealer advertised price on 743Bs over the last couple years is $8,572. Handy information to know if you're trying to keep a few more $$$s in your wallet.