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| 1990 CaseIH 7140 tractor with 3270 hours sold for $76,500 on central Iowa farm auction Saturday - 7/29/2013 | |
| USED TRACTOR VALUES REMAIN HIGH Been interesting last few days. The realities of softer commodity price outlook settling in...but auction prices on good condition used Tractors have remained VERY STRONG. A few examples from the past couple days: a 1990 CaseIH 7140 MFWD with 3270 hours sold for $76,500 on a central Iowa farm auction Saturday (July 27, 2013). That's a new record high auction sale price I've ever seen on a CaseIH 7140...by $7K. And the old record ($69,500) was only 5 months old. The same central Iowa farm auction Saturday also had a 1992 CaseIH 7120 2WD tractor with 3130 hours go for $63,000. Yep, another new record high auction price, topping the previous mark of $57,500 set not long ago. Also on Saturday (July 27, 2013) a farm auction in north-central Ohio produced a couple very strong sale prices on Massey Ferguson Tractors: 2004 MF 8260 MFWD with 1136 hours: $71,000 1979 MF 2705 (nice): $12,000 (new record auction price)There was also a super nice farm auction last Thursday (July 25, 2013) in west-central Illinois. Here are (2) Youtube videos I posted with highlights from that farm sale by Sullivan and Son Auction: [video=youtube;2gPgZE4kZmY]http://www.youtube.com/watch?feature=player_embedded&v=2gPgZE4kZmY[/video] More at http://www.machinerypete.com/Blog/Default.aspx |