Colorado ranch nets more than $10 million at auction

ADAMS COUNTY, Colo. — The 8,735-acre Bowen Arrow Farm and Ranch sold at auction on Oct. 19, fetching a total of $10.14 million. The property, spread throughout eastern Colorado with 4,470 acres located in Adams County, 1,025 acres in Weld County and 3,240 acres Washington County, was offered in 26 separate tracts.

Competitive bidding took place with more than 200 people in attendance and 73 registered bidders. Eight buyers purchased tracts for a total sale price of $10.14 million.

The Hall and Hall auction generated interest from 37 different states and six countries. Sale prices ranged from $616 per acre on Washington County grassland to $1,750 per acre on Adams County dryland. Smaller 40-acre parcels fetched as high as $2,375 per acre before becoming combined with larger offerings.

Bidders stayed engaged and active throughout the auction with the largest combination consisting of 3,680 acres prevailing at $1,359 per acre.

Six of the eight winning bidders were single tract purchasers. Several farmers and ranchers were able to add to existing holdings.