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Machinery Pete

RSS By: Greg Peterson, AgWeb.com

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.

CaseIH 245 Magnum Tractor Prices

Jul 23, 2013

 CaseIH245 IL

2008 CaseIH 245 Magnum with 1,000 hours on July 25, 2013 farm estate auction in Carthage, IL

Like red equipment? Thursday's farm estate auction in Carthage, IL is for you.

A sale by my friends at Sullivan and Son Auction (www.sullivanandsonauction.com) features tons of late-model, low hour CaseIH farm equipment, including the 2008 model CaseIH 245 Magnum pictured above with 1,000 hours. So what's this tractor worth? Here's a list of a few other CaseIH 245 Magnums I've seen sold on recent auctions:

 

 

Machinery Pete Auction Prices on CaseIH 245 Tractors
Make Model Year Hours Cond. Price Date Area*
CaseIH 245 2008 1385 Good $120,500 2/12/13 WCIL
CaseIH 245 2010 1015 Good $123,000 2/7/13 NEIN
CaseIH 245 2010 800 Good $125,000 2/7/13 NEIN
CaseIH 245 2010 950 Exc. $125,000 2/7/13 NEIN
CaseIH 245 2007 2144 Good $96,250 2/5/12 Bigiron.com
CaseIH 245 2007 467 Good $128,500 2/14/12 WCNE
CaseIH 245 2010 782 Exc. $137,500 12/14/12 NWIL

* Area sold: WCIL = west-central Illinois, etc.

So looks like in that low $120K range is what similar ones with 1,000+ hours have been going for. I would qualify this a bit however, as there have SO few nice farm auctions (retirement or estate sales) around that these type sales have been producing significant premiums the first 1/2 of 2013. So wouldn't surprise me to see sale prices cut a bit higher on Thursday's sale. We'll see.

Here are few other highlight items on Thursday's farm estate auction in Carthage, IL:

CaseIH225 IL

2010 CaseIH Magnum 225 CVT with 460  hours

 

CaseIH5088

2011 CaseIH 5088 combine with 376 engine hours

 

CaseIH3406 IL

2011 CaseIH 3406 6R-30 corn head

 

CaseIH3020 IL

2011 CaseIH Terra Flex 3020 25' platform

 

CaseIH1240 IL

2009 CaseIH 1240 12/23 no-till planter

 

CaseIH330Turbo IL

2009 CaseIH Turbo 330 25' vertical till

 

CaseIH690 IL

2011 CaseIH 690 5-shank Consertill disc ripper

I told you there was a lot of really nice RED equipment on this auction :-) We'll plug the sale prices into our "auction results" database immediately after the sale Thursday. Stay tuned.

www.machinerypete.com

 

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