Learn how to better manage your machinery investments from Greg Peterson, a.k.a. "Machinery Pete." He's been researching and analyzing machinery auction prices for more than 20 years.
1998 CaseIH 8920 Tractor: Last Minute Christmas Gift?
Dec 19, 2013
This one's for you, the last minute Christmas shoppers out there. You know who you are. If you have anyone on your holiday gift list who loves red tractors...here you go, this 1998 CaseIH 8920 front-wheel assist tractor (pictured above) with 3,322 hours on it is up for sale on an online farm retirement auction in northwest Iowa ending December 23rd at 6PM CST.
Christmas Eve, Eve....how perfect.
Seriously, a sweet 15-year old tractor there, wouldn't you say? Just the kind of tractor with 10+ years on it, low hours and in exceedingly good condition that I've been watching increasingly aggressive bidding on here throughout 2013. Maybe one more record sale price before the calendar flips to 2014? Could be.
As of Dec. 19th at 5PM CST, the online bidding on this 1998 CaseIH 8920 tractor was already up to $74,500. Here's a link to the online auction site for Del Beyer Auction & Realty: auctions.beyeronline.com/index.php
So what is the record high auction sale price I've seen on a CaseIH 8920? That would be $96,000 for this very nice 1997 model with 1,641 hours sold on a February 20, 2012 farm auction in west-central Wisconsin. This tractor was never used in the winter and was only used for tillage and chopping duties:
More recently I saw this nice 1998 model 8920 with 2,329 hours sell for $88,000 on a November 30, 2013 farm auction in south-central Illinois, here's a pic:
My auctioneer friend Del Beyer with Beyer Auction & Realty shot a great auction preview video for this online only sale, going out to the owner Ray Raak's farm in Orange City, IA for a closeup look at the 8920 tractor, as well as the 1998 CaseIH 2366 combine with 3,216 engine hours, the 2008 CaseIH 2606 6-row chopping corn head and the 2004 CaseIH 1020 20' bean platform...all super nice. Here's the preview video....great to see and hear Ray, the actual owner of the equipment, and the items as they are on the farm:
Should be a very interesting sale. How high will that 1998 CaseIH 8920 tractor go? Stay tuned.