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Red equipment brings big green

Agriculture.com Staff 01/21/2010 @ 1:00pm

Red is the color this week.

Lots of high auction sale prices on red stuff this week. Tuesday night in Scottsdale, Arizona, on the big Barrett-Jackson auction, a rare 1959 Porsche Super Diesel three-cylinder tractor sold for $25,300. Oh, and there was a 10% buyer's premium on top of that price, plus another 3% Internet fee as the buyer was from back east (New York).

The Porsche tractor was shiny red (pictured right).

Those Barrett-Jackson auctions are fun to watch. I was wondering if the improved health of the stock market the last six months or so would help collector auctions like this. Seems like it would. I guess the proof is in the pudding.

$25,300 sounds like a pretty strong price to me.

Here's a link to a few more sale prices from Tuesday's Barrett-Jackson auction in Arizona .

Untitled Document Yes, we do actually compile auction sale prices on cars and have for 20 years now. I was just writing about this on my blog at www.machinerypete.com the other day. Mostly the odd car sold on farm retirement auctions over the years. Once in a while I run across some real beauties. Like the 1969 Javelin SST 390 sold back on December 18, 2004, on an auction in southeast Iowa. It was a four speed with only 5,644 miles. She was dark green and hadn't been on the road in 20 years, but always had been shedded.

Sold for $23,000.

But I digress. Red equipment is my topic this week, specifically high sale prices on red stuff at auction. Three more very strong sale prices came in yesterday (January 20, 2010) from an auction in east-central Nebraska. The sale was by my friends at Stock Auction Company.

But what really caught my eye on the Nebraska auction yesterday was the 1988 Case IH 7130 MFWD tractor with 6,260 hours sold for $45,000 (pictured left). That's the fifth highest auction sale price I've seen in the last seven years in the U.S. for a Case IH 7130 tractor. But note that this one had 6,260 hours. Check out the number of hours on the 7130s I've seen sold for higher prices in the last seven years:

$52,500: 1991 model, 2,271 hours, sold 12/14/07 northwest Iowa

$47,500: 1991 model, 2,914 hours, sold 3/18/06 north-central Iowa

$50,000: 1990 model, 1,424 hours, sold 1/26/05 northeast Missouri

$45,500: 1991 model, 3,588 hours, sold 3/1/05 northwest Minnesota

So each of those 7130s sold had way fewer hours and were 1990 and 1991 models, making them 14 to 16 years old when they sold. The 7130 sold yesterday in Nebraska was 22 years old with 6,260 hours. Still it brought $45,000.

Click on the links below to view Pete's auction prices on Case IH 7130 tractors through the years, and also a full sale price report from the east-central Nebraska auction yesterday.

Click here to view auction sale prices on Case IH 7130 tractors .

Click here to view the auction sale price report from the 1/20/10 auction: east-central Nebraska .

Red is the color this week.

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