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06-19-2012 12:53 PM
This is such a great story by Machinery Pete! http://blog.machinefinder.com/8601/2007-jd-7520-tractor-sells-for-more-money-on-ohio-auction-than-ow...
This 2007 John Deere 7520 tractor with 451 hours sold for $90,000 on a June 16, 2012 farm retirement auction in southwest Ohio. Owner Barney Yeager paid $86,000 for this tractor brand new 5 years ago.
You know its going to be a “hot” auction when 2 bidders show up at the sale via helicopter.
The farm retirement auction I’m talking about was a June 16, 2012 sale near Hillsboro, OH in the southwest corner of the Buckeye state. A very nice line of equipment on this retirement auction, but (2) items in particular really drew bidder attention:
* 2007 JD 7520 MFWD tractor with only 451 hours
* 2011 JD 1780 6/11 split-row planter
The 2007 JD 7520 tractor sold for $90,000, a new record sale price for any JD 7520 I’ve seen sold at auction without a loader. Owner Barney Yeager paid $86,000 for this tractor new 5 years ago in 2007.
So how did the JD 1780 planter sell? Well, Barney paid $41,800 for it brand new last year. It sold for $41,000 on the auction June 16th.
Folks, that’s pretty amazing stuff, to see a 1-year old planter sell at auction at that close to the new retail price. Another sure sign of how extremely “hot” the market has been for really good used 6-row planters since August 2011.
And $90K for the 5-year old JD 7520 tractor? If you’ve been following by breadcrumb trail of blog posts and columns you know what I’ve been saying about the used Tractor market for quite a while now…..”ON FIRE“.
Not even helicoptor blades could put out the fire. Looks like they only fanned the flames.
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