How much is $22K worth?
Easy Pete, $22K is worth $22K…right? Sometimes. Let me explain. Last Friday (June 28, 2019) my good friends at Ryerson Auction & Realty (www.ryersonauctionrealtyltd.com) had a farm estate auction in Woolstock, IA (north-central Iowa) for Virgil Mourlam. On this auction was this sharp 1993 John Deere 4960 MFWD tractor with 4,498 hours, Power Shift:
Oh yeah, on the sale bill it said…"***Tractor has been driven 7 miles home for only hours since Nielsen (JD dealer) overhaul which cost $22,240.82.***"
It sold for $61,500.
That is the 4th highest auction sale price so far this year on a John Deere 4960.
Highest Auction Prices This Year on John Deere 4960 Tractors
- Data by www.MachineryPete.com
For perspective, the Avg. Auction Price so far this year on JD 4960 Tractors = $34,583 (High $68,000; Low $12,750). 2 years ago the Avg. Auction Price on 4960’s was $31,039. 4 years ago, in 2015, the Avg. Auction Price on JD 4960’s was $35,289. The current Avg. Dealer Advertised Price on JD 4960 tractors = $47,980.
"Tractor Specs" on JD 4960’s: https://www.machinerypete.com/specs/john-deere/4960/7363
Link to view (18) JD 4960’s for sale today: https://www.machinerypete.com/tractors/175-hp/john-deere/4960
The Virgil Mourlam farm estate auction Friday in Woolstock, IA had a few other very interesting pieces sold…here are a few highlights:
1986 JD 4450 MFWD with 6224 hours, Quad Range: $37,000
Pete’s Note: Avg. Auction Price this year on JD 4450’s = $29,787
2007 JD 9560 STS with 1766 engine hours: $67,500
Pete’s Note: Avg. Auction Price this year on JD 9560 STS = $52,725 (High $71,000)
2001 Freightliner F180 twin screw, Kann alum. box, 277K+ miles: $49,000
2018 JD MX15 15’ batwing cutter: $10,600
Pete’s Note: “2nd highest auction price past 2 1/2 years on MX15 here…highest $14,500 on 4/3/18 Scranton, ND farm auction”
2002 Hagie 2100 4WD sprayer with 2196 hours: $41,000
Pete’s Note: “Highest auction price on Hagie 2100 Sprayer in just over 6 years”
Pete
Machinery Pete
www.MachineryPete.com