Sale Price Report - David and Pat Kastengren Farm Retirement Auction in Cherokee, IA 2/15/20

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Another farm retirement auction featuring super sharp line of equipment.

Another sale with solid to strong sale prices.

I’m referring to the David and Pat Kastengren farm retirement auction that was held Saturday (February 15, 2020) in Cherokee, IA by our good friends at the Iowa Auction Group (www.iowaauctiongroup.com).

2011 JD 8310R with only 1049 hours, ILS: $174,000
JD8310R-IA-$174K
Pete’s Note: “$174K is the 4th Highest auction sale price on an 8310R the past 26 months. Avg. Auction Price on JD 8310R’s was actually UP a bit last year. Hardly any gap between current Avg. Auction Price ($133,277) and current Avg. Dealer Advertised Price ($149,275)…this = Machinery Pete Ratio of 89.3%. That is blisteringly HOT. Machinery Pete Ratio (MPR) = Avg. Auction Price / Avg. Dealer Advertised Price. Anything above 75% = HOT item/sector - that is definitely the case here on 10-year old used Tractors in Good condition”

AVG. AUCTION PRICE ON JD 8310R TRACTORS

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HIGHEST AUCTION PRICES ON JD 8310R TRACTORS PAST 26 MO.

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RECENT AUCTION PRICES ON JD 8310R TRACTORS

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"Tractor Specs" on JD 8310R’s: https://www.machinerypete.com/specs/john-deere/8310r/7695

  • Current Avg. Dealer Advertised Price on JD 8310R’s = $149,275

Link to (154) JD 8310R’s for sale today: https://www.machinerypete.com/tractors/175-hp/john-deere/8310r

2011 JD 9770 STS 2WD with 1216 sep. hours, sold: $119,000

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Pete’s Note: “Very solid sale price here. Avg. Auction Price on 2011 model JD 9770 STS Combines was actually UP 5.0% last year. Machinery Pete Ratio (MPR) on 2011 JD 9770 STS Combines is scorching HOT 90.0% right now (Avg. Auction Price / Avg. Dealer Advertised Price). Almost NO gap between hard cash auction pricing and on the lot dealer asking pricing”

AVG. AUCTION PRICE ON 2011 MODEL JD 9770 STS COMBINES

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  • Data by www.MachineryPete.com

  • Current Avg. Dealer Advertised Price on 2011 JD 9770’s = $114,583

  • Machinery Pete Ratio (MPR) on 2011 JD 9770’s = 90.0% (RED HOT)

Link to (267) JD 9770’s for sale today: https://www.machinerypete.com/harvesting/combines/john-deere/9770-sts

SALE PRICE REPORT: KASTENGREN FARM RETIREMENT AUCTION 2/15/20 - CHEROKEE, IA

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Pete
Machinery Pete
www.MachineryPete.com

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