Ritchie Bros Auction

[Daylate]

Strong sale

[seldomseen]

59.000 viewing the sale this afternoon!

Can't be many that are not watching.

[TSIPP]

59,000 is probably the 4 sales in total, 1 in England, 1 in Regina, 2 in USA.

[woodland]

59.000 viewing the sale this afternoon!

Can't be many that are not watching.

I’m not watching. Don’t have any money so that makes it easy. Not interested in talking to FCC or the CCGA about any “free” money either. Cattle prices have bounced back a little this week though............... nah I better keep my hands in my pocket or finger off the mouse.

[iceman]

Farmers are like gophers in the spring..........Not too smart.

Very high sale

Iceman

[Herc]

I think I coulda hauled two loads to town by the time they finished selling the first quarter of land.

[LEP]

I would say prices are amazingly strong. Might have to watch for these items coming up at another later consignment auction. Klause mentioned this a couple years ago about items selling at one consignment auction then miraculously showing up 6 months later at another.

I bought a small earthmover in Saskatoon. After Klause's comments I checked and it was sold at a sale in Brandon a few months earlier. It was advertised with the same pictures. Hmmm.

Further to this thought, I was watching off and on. I noticed one or two combines sold to a buyer in Texas.Okay...

Then later on they are selling a 1830 drill with tbt and tbh tanks. It goes to Texas so I write down the buyer number. Later same Texas buyer buys 9 other pieces of equipment. Who hauls an 18 yr old suspended boom Brandt sprayer, JD round baler, Morris hayhiker, etc., a minimum 1300 miles.

Anyway, I wrote down some info to watch for future consignment sales to see if the "mystery" Texas buyer resells this stuff. If I see it again, I will make a call.

[Crestliner]

Wow what a sale in Regina. I guess farmers are way better off And flush with cash more than I thought. But for the guy needing a new combine, I guess $200K discount to the new one on the lot is a steal. The land 2.0 x assessment...wow must be the 50 year payback plan. I guess I will crawl back in my hole. To all AG CANADA and Sask Ag lurkers....sorry for zooming you....we are really all loaded just act and talk like poppers.

[iceman]

Wow what a sale in Regina. I guess farmers are way better off And flush with cash more than I thought. But for the guy needing a new combine, I guess $200K discount to the new one on the lot is a steal. The land 2.0 x assessment...wow must be the 50 year payback plan. I guess I will crawl back in my hole. To all AG CANADA and Sask Ag lurkers....sorry for zooming you....we are really all loaded just act and talk like poppers.

Yup even though that land sale was at 2X assessment it’s the only 3 items in 20 years that have some sort of value. Those 790s and 9620rxs not so much.

It’s gopher season

Iceman

[AlbertaFarmer5]

Further to this thought, I was watching off and on. I noticed one or two combines sold to a buyer in Texas.Okay...

Then later on they are selling a 1830 drill with tbt and tbh tanks. It goes to Texas so I write down the buyer number. Later same Texas buyer buys 9 other pieces of equipment. Who hauls an 18 yr old suspended boom Brandt sprayer, JD round baler, Morris hayhiker, etc., a minimum 1300 miles.

Anyway, I wrote down some info to watch for future consignment sales to see if the "mystery" Texas buyer resells this stuff. If I see it again, I will make a call.

I expect they understand buyer psychology better than anyone. First big sale of the year will set the tone for all the rest. Probably a small price to pay to lose some money subsidising the purchase of some big ticket items today, to keep prices up throughout the rest of the season.

If you watch the order of equipment as they sell it, they always start with the most valuable and work their way down to the stuff I can afford, they understand buyers emotions. After seeing a combine sell for over half a million as the first item, when they get to the Super 92, anything under 6 digits looks like a bargain...