Machinery Pete - Equipment Auction News
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A special John Deere 830 tops an equally impressive online auction of more than 25 antique tractors and a few miscellaneous pieces of equipment.
As it stands right now, it looks like 2022 will be the high-water mark for used construction equipment values.
A Bobcat Toolcat, a Polaris Ranger and a John Deere Gator have all topped $30,000 at auction.
In 2000, the highest auction price paid for any tillage tool that year was $28,500. Today, that number tops $140,000 and easily ranges from $80,000 to $120,000.
Thirty combines recently sold on an online dealer auction, and this John Deere S780 with 374 engine hours topped the sale.
Auction prices on good used self-propelled sprayers have shot skyward the past two years. In fact, the 11 highest auction prices ever on sprayers have all occurred in the past 28 months.
When availability becomes more prevalent — pricing changes
While the drought of 2023 is straining crop conditions, there hasn’t been any drought concerns when it comes to auction prices on used farm equipment, including most types of harvest equipment.
The data I compile and analyze is so striking and consistent that 15 years ago I named it The Limbo Line. The line being the 10-year-old mark.
Used four-wheel-drive tractor values and auction pricing have been on fire the past 18 to 20 months. Premiums are being paid for slightly older pre-DEF, pre-Tier IV four-wheel-drive models in nice condition.