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Most amazing auction week ever

GREG PETERSON 11/30/2011 @ 12:40pm 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

22 years I’ve been covering auctions now. November 2011 will go down as one of the “hottest” months I’ve seen. Let me give you just a few quick examples from auctions held the past few days:

November 29, 2011 farm auction, central Minnesota:

  • 2005 CaseIH MX255 tractor w/922 hours, sold $127,000  (record price)
  • 1985 AC 8050 2WD tractor w/3,791 hours, sold $23,000  (highest in 10 ½ years)
  • JD 2555 2WD tractor w/3,060 hours & JD 146 Loader, sold $21,500 (3rd highest in last 15 years)
  • 2005 DMI 527B disc chisel, sold $23,500  (record price…previous high was $14,900)
  • CaseIH 3900 23’ disk, sold $18,750  (record price)

November 26, 2011 farm auction, west-central Indiana:

  • 1998 JD 8300 MFWD tractor w/1,584 hours, sold $105,000  (record price)
  • 1982 Ford TW-20 MFWD tractor w/6,193 hours (1,416 hours on reman. motor), sold $22,000  (highest price since July 1997)
  • 1973 MF 1105 tractor w/3,975 hours, sold $8,250  (highest price since Feb. 1998)

November 26, 2011 farm auction, west-central Ohio:

  • 1993 JD 4960 MFWD tractor w/3,425 hours, sold $87,000  (record price)
  • 1998 JD 8100 2WD tractor w/1,556 hours, sold $76,000  (record price for 2WD)

November 26, 2011 farm auction, northeast Iowa:

  • 2009 JD 7730 MFWD tractor w/734 hours, sold $110,000  (record price)

November 26, 2011 farm auction, west-central Ohio:

  • 1985 Steiger KR1225 Cougar 4WD tractor w/3,366 hours, sold $27,600

November 25, 2011 farm auction, east-central Iowa:

  • 1989 CaseIH 7130 2WD tractor w/3,170 hours, sold $49,000  (record price for 2WD)

November 22, 2011 consignment auction, west-central Illinois:

  • 1976 IHC 766 tractor w/3,101 original hours, black stripe, sold $15,000 (record price)

November 21, 2011 farm auction, northeast Kansas:

  • JD 1760 12R-30 planter, sold $55,000  (record price)

November 19, 2011 farm auction, northwest Ohio:

  • 1999 JD 8100 MFWD tractor w/1,340 hours, sold $105,000  (record price)
  • 1992 JD 4960 MFWD tractor w/2,758 hours, sold $86,000  (2nd highest price ever)
  • 1980 JD 4440 tractor w/4,641 hours, quad range, sold $30,000

November 19, 2011 farm auction, north-central Iowa:

  • JD 8630 4WD tractor (mid ‘70’s) w/2,800 hours, Kinze repower w/Cummins 855 engine, sold $36,000  (record price)

Quite a week, huh? Just the tip of the iceberg, believe me. It’s not just the low hour super

nice stuff selling for premium oney at auction now. Higher hour tractors in good condition have gone up just as much in value here recently. An example? How about the 1998 JD 8400 MFWD tractor with 6,555 hours in good condition sold for $90,000 on a northeast Iowa farm auction November 17, 2011? Look at those hours again...6,555 hours and it brought $90,000. Click on the link below to see for yourself how that compares to other JD 8400’s sold over the last 10 years:

So now we set sail into December. Could things get even more interesting? Stay tuned.

www.Machinerypete.com (1-yr. subscription $69.95; 1-week $10):

  • "Auction results" 288,360 sale price on ALL types of equipment. Updated daily
  • "Upcoming auctions" free searchable list of equipment on upcoming sales
  • "Dealer equip." free searchable list of equipment for sale by dealers
  • "Who Makes it?" searchable database of farm equipment Mfg's
  • "Classifieds" free place to list your used equipment for sale
  • Machinery Pete blog...see what Pete's yakking about
  • Machinery Pete's 2010 Auction Price Guide: $19.95, call 800-381-0423
  • Pete's new Facebook page
  • See the latest Agriculture.com columns from Pete

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