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.
Hot Prices on Kansas Farm Auction Saturday
Jun 19, 2014
The weather was HOT and the bidding was HOTTER on a farm retirement auction Saturday (June 14, 2014) in north-central Kansas (Smith Center, KS).
How hot? How about $28,000 for the 1986 Chevy C60 grain truck pictured above. It had only 10,000 miles on it, a 366 engine, 2x5 transmission and an 18' steel box. Yes, $28,000 is a new record high auction sale price I've seen on a Chevy C60. It was "1 owner" truck. Most of the equipment on this sale was 1st or 2nd owner equipment. Auctioneer Lee Oliver of Oliver Realty and Auction (www.oliverauction.com) told me last night that owner Vernie Nelssen was extremely particular about the care of all his equipment.
It showed in the sale prices.
Here are a few more highlights from Saturday's sale:
2001 CaseIH MX220 tractor with 750 hours: $98,500 (new record price by $20,500)
1981 IHC 986 tractor with 3100 hours: $20,000 (4th highest price I've seen)
1984 Gleaner L3 combine with 2,013 engine hours & 24' header: $28,000
1954 Farmall Super MTA tractor, restored: $7,100
1971 Chevy C50 grain truck, 36K miles, 350 engine, always shedded: $9,100
Lakeside #128 anvil: $500
One more example for you of the very strong bidding on this farm sale Saturday in Smith Center, KS...auctioneer Lee Oliver told me he sold an SK 3/4" socket set for $475. Wow, hot sale indeed!