Record auction prices on 200+ HP Tractors continue to rain in from all directions, all types of sales, even all times of day.
Last night, January 7, 2023, a new record price came from Cape Charles, VA on an online consignment auction on a very nice CaseIH Magnum 275 with only 1460 hours. The sale by was by my good friends Richard Vaughn and the crew at Rich and Rich Auctioneers (www.richandrichauctioneers.com).
CaseIH Magnum 275 with 1460 hours, sold: $166,500
Pete’s Note: “$166,500 is new record high auction sale price on Magnum 275, topping a just over 1 year old record price by $9,500”
HIGHEST AUCTION PRICES ON CASEIH MAGNUM 275 TRACTORS
Here’s picture of the 3rd highest auction price Magnum 275, just sold on 11/18/22 farm auction in London, OH…a 2007 model Magnum 275 with 1887 hours for $153,000.
Here’s Machinery Pete Youtube video of it selling:
Of course the fact that Magnum 275’s are pre-DEF, pre Tier IV make them more valuable / desirable, but also very important to note an even bigger role in rising prices / value is their lack of Availability. In fact today there are only (10) CaseIH Magnum 275’s listed for sale at our MachineryPete.com web site, here’s link to those 10 for sale:
https://www.machinerypete.com/tractors/175-hp/case-ih/magnum-275
Pete
Machinery Pete