2008 Spring Auction Review From Kramer Auctions
I recently received the Summer Auction Calendar from
Kramer Auctions in Saskatchewan, and they have been kind enough to allow me to share some of their commentary regarding the just past spring farm auction season.
From the Kramer Auction Catalog
Despite the dump of snow late in the month, the weather for the most part was quite decent. We really enjoyed this year’s auction run. We had a great group of clients to sell for this spring with a fantastic selection of equipment.
With the high demand and short supply of equipment, the auction method of marketing once again proved to be the best way to sell. Our clients were extremely happy with their auction results all spring. It was also a lot of fun at the auctions.
Customers were in good humour and really enjoying the auctions. We have a lot of great auctions lined up for the summer and hope to see you out at as many as possible.
The prices of equipment at this spring’s auctions were quite strong. Some hi-lite items that were exceptionally strong include:
- 4wd tractors, especially with
powershift trans and ptos
- Tandem grain trucks
- Tandem discs
- Smaller up-to-date seeding tools
- Large deep tillage cultivators.
What’s hiding on your farm?
Below are some items that were hiding around some of the farm yards this past spring that created a lot of interest.
March 25 - Flying S Farms Ltd., Eatonia, SK
- Rumely oil pull tractor (running condition) $27,000
- Rumely oil pull tractor (not running) $12,500
- 1969 Cessna 310 aircraft $91,000
April 12 - Anderson Acres Ltd., Richard, SK
- 1966 Case 730 tractor w/4 cyl. gas $6,100
April 2 - Sothmann, Elrose, SK
- 1967 GMC 950 grain truck w/396 V8 (former
Chevelle SS engine) 4+2, 15′ steel box & hoist
Sold for $6,500
Rising Trend in the Number of Joint Owner Farm Auctions
There seems to be a rising trend in the number of on-site farm auctions where multiple owners combine their equipment and have a joint auction. Doing this has many advantages. Auction sales today seem to be located further apart each year therefore causing buyers to travel further distances to attend. By joining auctions a larger crowd is attracted to both rather that a part crowd each day. Also, when the auctions are combined you have more impact when advertising. Lastly, costs of having an auction are less for both advertising and auction expenses. We have noticed the joint auctions to be very successful and plan on doing more this way in the future. Joint auctions are a Win-Win situation for everyone involved.
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