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Combine sold well on online auction

GREG PETERSON 10/11/2012 @ 9:15am Greg Peterson writes "Machinery Pete" column for Successful Farming magazine and appears on the Machinery Show on RFD-TV, talking about trends in the used equipment market

Smart auctioneers have been doing this for a while now. On their regular periodic consignment sales they hold on their lots with tons of equipment for sale, they will market a mini line of equipment as being from one particular farm or farmer: “Farmer Joe from down the road has 2, 3, 5 or 8 items for sale."

Very smart.

Even online auctions are doing this now. Yesterday, October 10, 2012, www.Purplewave.com had an online ag equipment auction. Well over 100 pieces of equipment on the sale, including 12 belonging to one particular farmer from Oakley, KS. Ten of his equipment items are listed below, along with what each item wound up selling for (sale price includes 10% Purplewave.com buyer’s fee):

Auction Prices on Purplewave.com Online Auction 10/10/12

Pretty strong sale price there ($102,300) on the 2005 CaseIH 2388 combine with 1,790 engine hours I thought. Here’s a picture of the combine:

  • www.Machinerypete.com (1-yr. subscription $69.95; 1-week $10)
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  • Pete's new Facebook page  (lots of pics & info uploaded daily)
  • Machinery Pete's 2011 Auction Price Guide: $19.95, call 800-381-0423

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