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 7140 Could Set Record Saturday
Jan 23, 2014
Will it set the record?
$76,500 is the number to beat for the 1991 CaseIH 7140 Magnum tractor with only 2,185 hours up for sale this Saturday, January 25, 2014, on a farm retirement auction in Terre Haute, IN. The auction sale price record of $76,500 was just set back on a July 27, 2013 farm auction in east-central Iowa...that 7140 was a 1990 model with 3,270 hours. Here's a pic of it on sale day:
That $76,500 sale price clipped the previous record high sale price by a full $7,000, the former high sale price of $69,500 coming on a February 15, 2013 farm auction in south-central Iowa on a 1992 model with 2,740 hours. Here's a Youtube video of that very nice 7140 selling:
My friend Jeff Boston with Boston Auction Service is having the farm retirement auction Saturday near Terre Haute, IN. Jeff told me the interest on the 7140 has been amazing: "It's been garnering interest from Louisiana, to Iowa to Ohio," said Boston.
Here are a couple more pics of the 1991 CaseIH 7140 with 2,185 hours up for sale Saturday:
The sale Saturday also features this very nice looking 1979 Case 2290 tractor with only 4,618 origina hours:
I will post what the CaseIH 7140 and Case 2290 tractors sell for on our Machinery Pete Facebook page after the sale (see link below)....how high will they go? Stay tuned. Here is a link to the sale bill: www.bostoncentury.com/