Tractor Auction Question

Spudm · Mar 19, 2015

Do you think tractor & equipment auctions are an accurate reflection of true cash value?

rrlund · Mar 19, 2015

If you have enough auctions to give a good cross section for an average,yes. Just one auction by one auctioneer on one given day,no.

Traditional Farmer · Mar 20, 2015

Cash is the key word no financing makes a big difference especially on higher priced items.Also when reading auction prices usually there isn't much of a description to go with the price.Condition
makes a huge difference in something that's older it can be a piece of junk or it can be like new.
Plus with most auction items they are 'as is' no guarantee

Mike M · Mar 20, 2015

I can't tell you how many times I have watched tractors sell at an auction for a lot more than you could ever get by trying to sell it yourself.
Estate sales and retirement sales seem to do the best.
Now consignment sales ? Myself and others may be scared to buy there because of the thought of someone taking their junk there to unload it on someone.

Spudm · Mar 20, 2015

What about online auctions, Is there much of a difference between them and traditional auctions as far as the price they bring?

LAA · Mar 20, 2015

Depends on the location, tractors and most equipment are always substantially cheaper in the south than in the mid west, just supply and demand at work.

JRSutton · Mar 20, 2015

exactly. You can get a ROUGH ballpark idea, but ther just aren't enough old tractors selling to set a meaningful average.

Varies GREATLY between different locations as well.

I WISH I could pay what some of you guys in the Midwest tend pay for something like an IH 706.

I can't even FIND one near me in Mass., and if I ever do, they're asking a whole lot more than I'd pay in Iowa.

Tractor Auction Question

Spudm

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rrlund

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Traditional Farmer

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Mike M

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Spudm

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LAA

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JRSutton

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