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Sale prices: California vs. Midwest

California here I come.

Tomorrow, February 15, 2013, I will be out in central California covering Ritchie Bros. Auctioneers big Tipton, CA consignment auction. Over 1,600 pieces of equipment on this sale. Should be a fun day.

One angle I’ve always been very interested in with the auction sale price data I’ve been compiling now for 23+ years is what price similar items sell for in different geographic regions. On tomorrow’s central California is a 2007 model CaseIH Puma 180 MFWD tractor with 2,414 hours.

Three months ago, on a November 7, 2012 dealer auction in northeast North Dakota, a 2007 CaseIH Puma 180 MFWD tractor with 2,225 hours and a CaseIH 770 loader sold for $69,500. If we take off the approximate value of the loader, that leaves us with a 2007 Puma 180 with 2,225 hours selling for $60,000 to low $60K range in northeast North Dakota.

Now…what will the 2007 CaseIH Puma 180 with similar hours sell for tomorrow in central California? We’ll see. I will post a Youtube video with highlights of the Ritchie Bros. Tipton, CA auction tomorrow evening.

Stay tuned.

Also on tomorrow’s central California auction are a pair of Case 2090 tractors, one with 6,803 hours, the other a 1983 model with 7,112 hours. (1-yr. subscription $69.95; 1-week $10)"Auction Results" 329,047 sale prices on ALL types of equipment. Updated daily."Upcoming Auctions" free searchable list of equipment on upcoming sales."Dealer Equipment" free searchable list of equipment for sale by dealers."Who Makes it?" searchable database of farm equipment manufacturers."Classifieds" free place to list your used equipment for sale.Machinery Pete blog...see what Pete's yakking about.

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