Auction of farm equipment tops $7.4 million as dealership reduces inventory
SIDNEY, Neb., Nov. 13, 2014 /PRNewswire/ -- An auction of farm equipment drew 672 registered bidders Tuesday, resulting in total sales of just over $7.4 million, with Schrader Real Estate and Auction Company managing the auction.
"We had live bidders from 15 states, plus online bidders from 28 states, as well as Canada and Uruguay," said Schrader's Zach Hiner, one of the managers for the auction. The seller was 21st Century Equipment, which had an oversupply of used equipment resulting from its recent acquisition of several other John Deere dealerships.
The inventory included approximately 20 tractors and 16 combines, as well as cornheads, trucks, sprayers and other equipment.
Owen Palm, president of 21st Century Equipment, said the auction exceeded his expectations. "I can't say enough good things about the effort the Schrader organization made to get the sale organized and promoted broadly. We had a great crowd, especially when you consider that it was 14 degrees and snowy. But we had a number of online registrations for people who couldn't attend in person due to the weather," said Palm.
Upcoming Schrader equipment auctions are set for Nov. 29 (Antwerp, Ohio), Dec. 5 (West Liberty, Ohio), Dec. 9 (Union Mills, Indiana), December 11 (Mount Vernon, Ohio), and December 17 (Washington Court House, Ohio). Individuals interested in additional information may visit www.schraderauction.com or call 800-451-2709.
Schrader Real Estate and Auction Company, based in Columbia City, Ind., is a leading auctioneer of agricultural equipment and real estate throughout the United States and is a four-time USA Today/National Auctioneers Association Auction of the Year Winner, as well as a two-time winner of the Grand Champion Marketing Award of Excellence.
For more information:
Carl Carter, 205-823-3273
SOURCE Schrader Real Estate and Auction Company
Related Links
http://www.schraderauction.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article