A strong field of registered buyers, including a contingent from overseas bidding online, drove prices for low-hour, second-hand combine harvesters and tractors to over a quarter of a million dollars at Ritchie Bros first heavy equipment auctions at Dubbo and Moree, NSW.
The no-reserve auctions featured listings of harvesters, tractors, sprayers, trailers and earth-moving machinery.
Ritchie Bros regional sales manager for Australia south, Cory Watson, said they were very happy with the company’s first ever auction at Dubbo.
“It was a fantastic day. The crowd was over our expectations with strong local attendance and people bidding from around the world. There was gear purchased from customers in Great Britain, Jordan, Thailand and New Zealand,” he said.
“We see the agricultural machinery market being a growth sector for us in Australia.”
Mr Watson said the majority of the line-up of combine harvester, particularly in the higher-value end of the market, were trade stocks from three different dealers around NSW.
The top-priced combine harvester on the day was a 2016 John Deere S680 with 923 hours on the clock that made $275,000 plus GST. The harvester buyer also added a 2016 640D Hydraflex Front and a Leith Trailer to their purchase, bringing the package to $370,000 plus GST.
Another 2016 JD S680 combine harvester with 879 hours made $270,000 plus GST.
Prices naturally were lower on older machines with longer hours, examples being a 2012 Case IH 9230, 2134 hours, $180,000; a 2012 JD S680S STS, 2639 hours, $190,000; a 2012 JD S690S STS, 3053 hours, $150,000; a 2011 JD 9770STS, 3253 hours, $100,000 (all plus GST).
The top-priced tractor on the day was a 2015 Case Magnum 380 Rowtrac with 824 hours that sold to pastoral interests for $255,000 plus GST.
A 2015 JD 8320R MFWD tractor with 1770 hours made $210,000 plus GST and its stablemate, a 2015 JD 6140R MFWD tractor with 1089 hours went for $125,000 plus GST.
A 2013 Finch 38-tonne chaser bin sold for $77,500 plus GST.
Highlights of the Moree auction included a JD 9596RT track tractor that sold for $190,000 and a Case IH 4430 Patriot self-propelled sprayer that went for $185,000.
Ritchie Bros Australia/Pacific sales director Finlay Massey said the auction results exceeded expectations.
“We welcomed about 2000 people through the gates at Dubbo and had more than 1100 bidders
registered across both sales,” Mr Massey said.
“Having a lower Aussie dollar and our global reach attracted online buyers from as far afield as Canada, Egypt, Jordan, the UK, the US, New Zealand and Vietnam.
“The supply of used heavy machinery is constrained internationally, so unreserved auctions provide the best prices in a highly competitive market.”
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