1982 JD 4240 Tractor with only 980 Hours, 1 owner, For Sale on Minnesota Auction

Wow, how High will this Tractor sell?

1982 JD 4240 with only 980 actual “1 owner” hours, Power Shift, always shedded, original paint, new cab kit, for sale on an online auction ending May 4 at 5 PM CT by my long time good friends at Zielsdorf Auction & Real Estate Services from my hometown of Benson, MN (www.zielsdorfauctions.com). First a few pictures of it, then the “story” on it and why/how the super LOW hours:

This 1982 JD 4240 is located in south-central Minnesota, near the wonderful farming community of Blue Earth, MN. The selling family says the tractor had approx. 700 hours on when their father passed away 23 years ago in 1997. The past 20+ years this 4240 only used on snowblower and blade.

Here’s the link to the online bidding at Zielsdorf Auction & Real Estate Services, bidding ends May 4 at 5 PM CT: https://zielsdorf.nextlot.com/public/sales/88060/lots?per_page=100&sort=perf_current_value_desc

Ok, now let’s talk what this amazingly LOW hour JD 4240 could be worth. First off, here’s a look at the Highest auction sale prices I have ever seen on 4240’s sold without loaders/dozer blades at auction:


Here’s Machinery Pete Youtube video of the current high auction sale price on a JD 4240 tractor…$38,500 for this 1979 model with 3216 hours, Quad Range, selling on a 12/12/15 farm auction in Dwight, Neb: https://www.youtube.com/watch?v=hL-39LEGhEI

If we bump up to JD 4250’s…the highest one I’ve ever seen sold at auction went for $50,000, a 1983 JD 4250 2WD with only 947 hours, sold on a 9/24/16 farm auction in Dewitt, MI by my good friends at Miedema Auctioneering. Here’s Machinery Pete Youtube video of it selling: https://www.youtube.com/watch?v=6ziMhhcOMwQ&t=33s

Hopping back to the Deere 40 Series, made from 1978-1982, of course I did see a new record high auction sale price set last summer on a larger 4640…$61,000 for a 1979 model with only 826 actual hours sold on a 8/3/19 farm auction in Bingham Lake, MN. Here’s Youtube video I filmed of it selling: https://www.machinerypete.com/media_posts/john-deere-4640-tractor-sold-for-record-price-today-on-minnesota-farm-auction

So…How High do you think the 1982 JD 4240 with only 980 actual “1 owner” hours, Power Shift, original paint, always shedded will go?

We’ll find out May 4. Online bidding begins to end 5 PM CT. Stay tuned.

Oh, I also noticed, I believe from the same seller family on this online auction, this SWEET looking 1974 IHC 715 combine, also Low hours, with IHC 810 15’ bean head:

Machinery Pete