Machinery Pete: Number of auctions down
Watch where you step.
Why? Because I think there's a pin on the floor. I know, I heard it. I've been covering farm machinery auctions for over 20 years now and I'm quite sure I've never seen things as slow as they are right now in terms of the raw number of auctions. Or more precisely, the number of auctions there aren't.
So quiet out there you can hear that pin dropping.
The week after Christmas is always a slow time for machinery auctions. Nothing new there. But usually by the end of the first week of January things are cranking up. Not in 2010 apparently. In our Machinerypete.com web site we have a searchable "upcoming auctions" database. For over 12 years Janet, our data entry coordinator, has typed equipment on upcoming machinery auctions into this database. She made a telling comment to me yesterday.
"I've never seen a January this quiet."
She's right. Just not many auctions happening out there. One definite affect this has is to ratchet up interest in the machinery auctions that are taking place. Like the pair of sales last Saturday (January 2nd), one in north-central Indiana, the other in northwest Ohio.
I spoke with auctioneer Daryl Ball of Ball Auction & Realty earlier this week. He said for their auction last Saturday over 800 folks and 563 registered bidders made their way to his sale despite a wallop of 12 inches of fresh snow on sale day. No doubt they were attracted by the great line of well maintained equipment, but there was another force at work that Daryl correctly identified.
"There just aren't any sales around so when there is a nice one, folks show up," said Ball.
They show up and they come ready and willing to spend, at least for the really good condition used equipment.
Here are a few sale price highlights from Daryl Ball's auction last Saturday in north-central Indiana (click on highlighted items to view more Machinery Pete sale price data):
- 1994 CaseIH 1666 4WD combine with 2,364 hours (no specialty rotor): $44,500
- 1991 CaseIH 1660 4WD combine with 2,052 hours (no specialty rotor): $36,500
- 2002 CaseIH 1020 20' grain table: $14,500
- 2002 CaseIH 2206 6-row corn head: $20,000
- Unverferth HT-25 head trailer: $2,300
- 2004 CaseIH MX255 MFWD tractor with 300 hours: $116,500
- 2005 CaseIH MXM 120 MFWD tractor with 832 hours & #172 loader: $54,000
- 1949 Farmall H tractor: $3,750
- 2004 GSI 1110 grain dryer: $17,500
- Kawasaki 2510 Mule with 2,030 hours: $4,750
- Woods MD315 batwing mower: $5,000
- JD 1535 15' no-till drill: $24,000
- 2005 Sunflower 1434 disk, 23': $24,000
But the real attention grabber on this auction was a plow, an IHC 720 7-18 on-land 3pt plow. It sold for $7,250. The buyer was from Wisconsin. A 2004 Unverferth 7200 grain cart that sold for $21,250 went to a buyer from New York.