Watching Illinois auction today
My eyes today (January 28, 2010) are trained on central Illinois.
A very nice farm auction by Mike Maske and Mike Hall, a retirement auction for Lyle McWard. Good line of equipment up for sale. Nice farm sales like this stick out like a sore thumb right now because the month of January has been SO slow in terms of the number of auctions.
According to data on upcoming machinery auctions we've been compiling for over 15 years, the first 26 days of January 2010 saw 55% fewer machinery auctions than the first 26 days of January 2007. Go back five years and it's even more pronounced, 64.5% fewer machinery auctions this month vs. the first 26 days of 2005.
As for the auction today in central Illinois, here's a list of some items for sale:
How do you know what each of these items is worth? What's a fair price? What's the going rate? You certainly don't want to go into a sale like this, or any potential buying situation, simply guessing at price. Or simply going on vague retail prices. Best and most helpful I think to know what other folks have recently paid for similar items.
So, here you go. Just click on any of the pieces of equipment in the above list and you'll see the auction sale price data I've compiled on that item the last few years.