Farm Tractor Auction Prices

Went to a consignment auction today just outside of Grand Rapids, Mi. Here are some of the sale results.
JD 4440 cab 9668 hrs....17,000.
JD 5083E w/Blizzard snow plow cab MFWD....31,500.
JD 6110 w/loader MFWD....16,500.
MF 3075 cab MFWD 8,811 hrs....7,000.
Case 2096 w/cab heat & air....1,950.
Case 2290 cab 9,281 hrs, rebuilt transmission....6,500.
IH 186 HYDRO w/canopy, 7,466 hrs....3,500.
IH 1466 w/cab8,203 hrs....3,000.
JD 4020 rebuilt engine....8,250.
New Holland TC40 w/loader 1,810 hrs...9,750.
IH Farmall H, nice...1,700.
Kubota 3030 w/factory cab heat air MFWD radio Kubota 60 inch front mounted snowblower 457 hrs....12,000.
JD 2210 w/canopy loader and back blade 339 hrs....6,500.
Lots of tractors in decent shape. Huge turnout....

was that Miedema's in Hudsonville

Yes. You can view all the tractor & equipment results from today's auction online.

I just looked at that on Proxibid. What was the story on some of those tractors? 2096 and 186 hydro seem pretty reasonable. Were they in rough shape or what was the deal?

Spudum, did you misprint the price of the Case 2096 ??? If not why was it so cheap.
Loren, the Acg.

Actually that IH 186 was in pretty nice shape, not sure why it didn't bring more money. The hours were kind of high @ 7,477, but it did have duals in good shape.
The Case 2096 was kind of rough shape. One of the doors was missing, and lots of smoke.

More results....
MF 35 tractor w/loader....2,500.
JD 2510 gas tractor narrow front....2,000.
Ford 9n Nice....950.00
Ford Jubilee Nice....1,400.
Farmall Super A....1,250.
Ford 8N....800.00
Kubota B7610 4WD 3pt 52 inch front mounted Kubota snowblower....4,600.

The TC40 sold cheap too. If it was decent thats a 11K-13K tractor here any day of the week...

It was a nice low hour tractor. Very clean....

That Case 2096, although it ran, needed work.

Hi
I was just looking at your lists, Did all of these tractors find new homes at these prices, or did they have reserves on some of them, and they went home to the original owner. A local auction I used to visit sold about 8 or more tractors every month they had sales, to "Norm Smith" it was the auctioneers term for not sold.
The not so smart in the crowd some days were trying to figure out who the dealer was buying 80 to 100 tractors a year, from this consignment sale L.O.L.
Robert

Don't recall hearing about that one. Wonder where they advertise their sales?

I understand it to be a no reserve consignment auction.

Watch their website. There are two auctions like this every year. One is in March, the other is in December. The heavy equipment is available for online bidding.

I paid 10K for my 6610 with loader 10 years ago, looks like it is holding value.

Ok you do realize there are ways to get round that, a couple of them in this area will say no reserve. Then if the tractor or implement doesn't bring the sellers expectation by a long way. the seller buys it back or you here somebody say sell it in the auctioneers ear. if not sold the guy pays the auctioneer the commission on the last bid, then takes it home.

I now a guy that did it with a big newer 4wd, I told him he should of sold the tractor. The commission was high, he bought it home then ended up selling it for $7000 less than the under bidder plus commission on the action 4 months later. sometimes the gamble pays others it doesn't. I never put tractors in auctions. I figure other than beer or gambling it's a sure way to loose money most times.

In this and probably some more area's you really got to watch at auctions to figure things out.
There are some real gems. 1 guy wouldn't take bids from more than 3 guys if his friends were bidding, I had that happen twice on tractors.

The other interesting thing I have seen standing at the back door is the seller( sometimes I know the guy or where the tractor came from) stand next to the auctioneer in his mobile sale truck. When the auction starts the owners tapping the auctioneer with his foot to increase bids. when the guy stops it's over his asking price or it goes home if there are no more bids. sometimes they will say sold to internet bidder as well. you can learn a lot talking to guys standing by equipment at going home time to. Many times i have asked guys starting tractors if they bought it. They will say yes or no it was mine and i'm taking it home, it didn't bring enough.
Not all auctions are like this, guys just have to be careful and watch/ talk to guys sometimes to catch the "interesting" practices.
Regards Robert

May be different up there but here in Ohio it is against the law to bid on your own items, and if it has a reserve it has to be plainly anounced before the first bid is placed. The $ does not have to be anounced. But after the sale is over if questioned the auctioneer has to show prof of the reserve bid. Same if a person cannot be at sale and would leave a bid with any of the auction staf. Even if the owner is a thousand mile away from the sale if somebody wants to they can make it very hard on the auctioneer by complaining to the state that the owner was bidding on his own items. Took my friend the auctioneer several years to get his name cleared.