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.
JD 8440 4WD Tractor Sold for Record Price Yesterday
May 22, 2014
"1 owner. Low hours. Always shedded. Nice."
That's basically Machinery Pete's recipe for a high sale price on a 35-year old tractor sold on a farm retirement auction. The recipe definitely held true yesterday (May 21, 2014) on Norm Keder's farm retirement auction out in the panhandle of western Nebraska, just north of Alliance, NE. The tractor pictured above was a 1979 John Deere 8440 4WD with 5,338 hours (Quad Range). Auctioneer Darrell Kraupie and crew from Kraupie's Real Estate & Auctioneers (www.farmauction.net) sold the heck out of this 8440.
It went for $39,000.
How high is that? Tied for the record high auction sale price I've seen on a John Deere 8440 sold in the U.S. over the past 18 1/2 years. Below is Youtube video I shot of the 8440 selling on yesterday's sale...also included in the video after the 8440 are (2) other "hot" items on yesterday's sale: a 1976 Chevy pickup with 89,906 "1 owner" miles (owner paid $5,000 for it new in '76) and a 1997 Honda 300 4x4 ATV with only 24 actual miles on it. Here's the video:
Here a few other sale price highlights from yesterday's farm retirement auction in Alliance, NE:
2002 CaseIH STX375 4WD tractor with 2,924 hours, sold: $97,500
1973 JD 4630 tractor with 6,921 hours, sold: $17,500
Sunflower 1433 35' disk, sold: $39,250
Flexi Coil 75 35' coil packer, sold: $14,000
1998 Crustbuster 3200 TS49x10 drill, sold: $24,000 ($100 bids the last $5,000)
Quinstar 42' Fallowmaster with pickers, sold: $19,500