Trend confirmation big time Thursday (September 24, 2020) on the Grubaugh farm retirement auction in LaGrange, IN by our good friends at Schrader Real Estate and Auction Co. The trend?
Good condition smaller size used farm equipment = HOT bidding.
Want proof? Check out these sale prices from Thursday’s sale:
1996 JD 7710 with 3972 hours, sold: $60,800
Pete’s Note: “$60,800 is the Highest auction sale price on a JD 7710 tractor in 4 1/2 years, since a 3/12/16 farm auction in Freemont, MI where a 2002 JD 7710 with only 1879 hours sold for $63,000”
Link to view auction sale prices on JD 7710 Tractors last 5 years: https://tinyurl.com/y2zugzlv
1982 IHC 1420 with 4235 hours, 1 owner, sold: $10,350
Pete’s Note: “$10,350 is Highest auction sale price on an IHC 1420 combine sold with no heads in nearly 8 years, since 1/27/12 auction in Alabama ($10,500)”
Link to (2) IHC 1420 Combines for sale today: https://www.machinerypete.com/harvesting/combines/international-harvester/1420
JD 1760 8R-30 planter, sold: $20,400
Pete’s Note: “$20,400 is Highest auction sale price on 8-row JD 1760 planter in 33 mo.”
Link to (9) JD 1760 8-Row Planters for sale today: https://tinyurl.com/y5yxogtt
1981 Ford F-250 4x4, 351 V8 gas, with 122K miles, sold: $4,700
Link to view complete sale price report from the Grubaugh farm retirement auction in LaGrange, IN on 9/23/20: https://tinyurl.com/y5u8ctlv
Pete
Machinery Pete