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Auction Reports - May 29, 2019

New auction company specializes in ranch and farmland 

FORT WORTH, Texas — Two leaders in the rural real estate and property auction industries have teamed up to form a new company focused solely on ranch and farmland auctions.

The new entity, Ranch & Farm Auctions, is unique in specializing in the ranch and farmland segments, as well as ranch custom homes and recreational properties, and is the only auction service that enables rural land buyers to bid concurrently live on-site, live online, and by phone-in bidding in real time in all 50 states.

Headquartered in Fort Worth, Ranch & Farm Auctions is a joint venture of two premier companies: Whitetail Properties, based in Pittsfield, Ill., the nation’s leading real estate company specializing in hunting, ranch, and farmland with 220 rural property agents; and Williams & Williams, based in Tulsa, Okla., one of the most respected names in real estate auctions, with more than 100 years’ experience in all types of real estate.

It was formed to meet the increasing demand for a real estate auction company that not only provides decades of knowledge and expertise, but also a higher level of service and personal care to buyers and sellers of ranch and farmland than has been seen before.

Auction properties are featured on the company’s website at RanchandFarmAuctions.com with high-quality aerial videos, large photographs, interviews, soil maps, and other information in a well-organized, easy-to-navigate structure. Property searches can be filtered by state, county, and number of acres, as well as by using the site’s monthly auction calendar.

Auctions are conducted live on-site or at a nearby meeting facility, and broadcast live on Williams & Williams’ Auction Network website. Participants can bid online and an Auction Network studio host provides audio commentary and coverage to bring more prospective buyers to each auction.

Auctioneers sell two Kentucky properties for over $1.5 million

HENDERSON COUNTY, Ky. — Kurtz Auction & Realty recently conducted two auctions in Kentucky for combined sales of more than $1.5 million.

In Henderson County, 160.61 acres of rolling crop and pasture land sold at absolute auction for $795,544, or $4,953 per acre. There were several buildings with varying degrees of contributory value – two older Harvester silos, two gain bins, and an office/shop, to mention a few.

A 16-acre and 26-acre tracts sold for $5,050 per acre. A 32.9-acre tract sold for $4,800 per acre and an 81.71-acre tract sold for $4,400 per acre. Two of the buyers were out-of-state, with the rest being local.

 In Daviess County, a gently rolling 143.1-acre farm sold at auction in two tracts for a total of $733,975, or $5,129 per acre. It had 94 acres of gently rolling cropland with Belknap and Hosmer silt loam soils.

The balance of this farm, 49 acres, was wooded land that was leased for hunting at $2,318 per year. Improvements included an older two-bedroom, one-bath home and three older tobacco and stock barns.

To learn more, call Kurtz at 800-264-1204 or visit www.kurtzauction.com

Auctioneer raises more than $136K from equipment, vehicles

SCOTT COUNTY, Ind. — Auctioneer Bob Tobias sold equipment and vehicles from the Joe Terry estate in Scott County, Ind., on April 27. Among the equipment auctioned was a 2013 Chevy 2500 HD 4x4, which went for $38,000.

A Massey-Ferguson 1749 tractor went for $32,000, and a 2000 GMC C6500 dump truck sold for $26,000. Two Case dozers – a 450C and a 455C – sold for $21,000 and $19,500, respectively.

To learn more about this and future sales, call Tobias at 812-820-3928.

 

5/31/2019