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Auction Reports - April 25, 2018
 

Farmall Super M generates $4,100 at Michigan auction

ADRIAN, Mich. — A Farmall Super M tractor earned $4,100 during an auction by Mitchell Auctioneering on April 14.

“There was lots of rain, but that kept the farmers out of the fields, and we had a nice barn to keep dry in,” added David W. Mitchell of Mitchell Auctioneering.

Another highlight was a Farmall 460 tractor that generated a $3,500 final price.

Other items sold at this auction include: a SureTrac trailer for $3,100, a Bolens Riding mower for $400, a Lincoln Arc welder $70, and three Smith Douglass Fertilizer thermometers for $50 each.

For more information, send an email to david.mitchell@lenawee.mi.us or call 517-673-5786.

Kentucky farm sells for $7,863 per acre

BARDSTOWN, Ky. — Kurtz Auction and Realty sold at absolute auction 71.8 acres seven miles southeast of Bardstown for $564,472 on April 9. The Hattie Clements Estate owned the farm on Borders Lane. It was divided into tracts ranging from five acres to 27.77 acres.

More than 100 prospects attended the 5:30 p.m. auction with 72 parties registering to bid on the nine tracts. The first two tracts sold for $13,100 per acre. The majority of the tracts sold in the $7,000 to $10,000 per acre range. A 27.77-acre, mostly wooded parcel, sold for $3,700 per acre.

The farm was sold using the choice-by-the-acre method. This means that the bidding was by the acre with the winning bidder having the right to take any tract, any number of tracts or all of the tracts at the top bid. In the event the top bidder does not take all the tracts, then the runner-up bidder could take any untaken tracts at the top bid. This process is continued until all tracts are sold.

Each sale is final. The tracts are not grouped at the end of the auction.

Kurtz has used several auction methods in their 73 years of selling real estate. These include not only choice-by-the-acre; but also, using a mix of individual tract sales and choice-by-the-acre as well as simply not dividing a tract of land at all and selling it as a whole.

“Our paramount objective is to partner with our seller to get the highest sale price their land will yield,” said John Kurtz, President of Kurtz Auction & Realty.

The considerations of whether to divide a tract of land; and if so, how many divisions and where to place those divisions, is critical. These decisions are not made lightly because they can have significant financial consequences to the client.

“Every piece of real estate is different – just as no two people are the same,” added Bill Kurtz. “What we do is put ourselves in the buyer’s position and try to imagine how the buyers would pay the most for the property.”

Kurtz has offices in Elizabethtown, Bowling Green and Owensboro, Ky. and Evansville, Ind.

For additional information, visit kurtzauction.com or call 800-264-1204.

John Deere pedal tractor earned $600 Ohio sale

CARROLLTON, Ohio — More than 100 bidders attended the auction of Mike Lowdermilk’s farm toy collection on March 31 in Ohio. However, there were many bidders online, too.

“We shipped toys to 14 states that were bought on the internet,” said auctioneer Larry Garner. “This auction consisted of 749 lots.”

Among the leading items was a John Deere 5020 pedal tractor that had not been removed from its original box, which crossed the auction block for $600. Many of the sale items were considered “mint in box,” including:

•Columbus edition silver John Deere 4520 for $400

•Allis-Chalmers Big Ace pulling tractor for $275

•John Deere 7720 for $175

•Precision John Deere 4440 for $160

•Precision Allis-Chalmers WD-45 for $140

•Precision John Deere 850 H dozer for $135

•1967 Plymouth Belvedere Highway 61 for $140

•2004 collector’s edition scale models of Ford 8000 for $115

•International TD-25 with blade for $90

Not in box, an Allis-Chalmers D-10 by Strombecker of Wisconsin sold for $125, and a Tonka forklift for $50.

For more details, call Larry Garner Auctioneers at 330-627-5573.

4/27/2018