Two Kentucky auctions result in lucrative sales

WEBSTER COUNTY, Ky. — The Bill and Louise Hatley Trust auction resulted in the sale of 274 acres of Webster County land for $1,168,711. The auction was conducted by Kurtz Auction & Realty. The rolling to hilly land sold in 11 tracts and averaged $4,266 per acre.

The Hatleys were involved in the civil and educational life of Webster and surrounding counties. The proceeds of the sale of their land will go to the Hatley Endowed Scholarship at Murray State University to benefit area students.

Three contiguous tracts totaling 56 acres sold for $6,925 per acre. The remaining tracts, containing steeper land and some wooded acreage, ranged from $2,500-$4,500 per acre. The two homes with a few acres sold for $70,000 each.

The auction attracted area and regional farm buyers. Farm machinery, furniture and collectibles were also auctioned.

In a separate Kentucky sale also conducted by Kurtz, in Daviess County, a  gently rolling to hilly tract with farmstead recently sold at auction in seven tracts for $840,573, or $8,555 per acre.

The older home with farm buildings located 10 miles east of Owensboro sold with 12.11 acres for $185,000. The tracts without buildings ranged from a 2.47-acre tract at $16,000 per acre to a 40.22-acre hill crop and pasture land tract selling for $5,700 per acre.

The 86.14 acres of unimproved land average $7,610 per acre. Area farmers and people interested in home sites were the buyers.

To learn more, contact David Hawes, auctioneer, at david@kurtzauction.com or 800-264-1204.

Union County auction attracts large crowd, takes in $4.4M

STURGIS, Ky. — On Nov. 26 Kurtz Auction & Realty sold 655.9 acres in the Sturgis area of Union County for more than $4.4 million, or $ 6,740 per acre. A crowd of 150 interested parties filled the Union County Fair Expo Center to bid on seven tracts of farmland.

The top price of $8,600 per acre was received on two tracts of 159 and 104 acres, which had 85-95 percent flat cropland versus pasture and wooded land. An older four-bedroom home and 109 acres of mostly pastureland sold for $7,393 per acre.

Other tracts ranged from $4,000-$5,900 per acre depending on the percentage of cropland, ability to drain and soil types. Area and regional farmers and investors were the buyers.

A staff of 10 from Kurtz conducted the auction. They included microphone auctioneer John Kurtz, managing auctioneer Jason Blue, bid solicitors and clerical personnel. For more information, email bill@kurtzauction.com or call 800-264-1204.