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.
Phone Rang Off the Hook for this Tractor
Jan 17, 2014
"My God did I get calls on that tractor."
That was my auctioneer friend Bill Kruse's reply when I asked him about the 2000 Ford-NH 8670 2WD tractor with 1,720 hours (pictured above) he sold on a farm auction Wednesday (Jan. 15, 2014) in east-central Illinois (Saybrook, IL).
"I had calls from Iowa, Wisconsin to Pennsylvania," said Kruse. The beautiful 8670 wound up selling for a price that tied the highest auction price I've seen in 18+ years:
Get this, the other Ford-NH 8670 I saw sell for $66,000....a 1998 model, front-wheel assist, with only 215 hours, sold on a January 20, 1999 auction in southwest Minnesota.
Just more proof here folks of the rising demand for very good condition used tractors of all colors and sizes with a bit of age on them. As I've been saying for a while now...show me a super nice 10, 15, 20+ year old tractor with low hours for sale at auction and I'll show you some hot bidding action.
Here's a picture of another nice Ford-NH 8670 sold recently for big $$...a 1993 model with 2,168 hours, front-wheel assist, sold for $62,500 on an 8/24/13 auction in northwest Missorui:
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