Money in machines: Auction grosses $14.2 million

Ritchie Bros Machinery Muster auction grosses $14.2 million

Machinery
A 2017 John Deere 9530RT was the top priced lot in Ritchie Bros' Machinery Muster, selling for $350,000.

A 2017 John Deere 9530RT was the top priced lot in Ritchie Bros' Machinery Muster, selling for $350,000.

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The sale is believed to have been the largest national agricultural unreserved auction in Australia.

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An online machinery auction has recorded a whopping gross of $14.2 million ahead of what is predicted to be a bumper harvest.

Dubbed the Machinery Muster, there were 1521 lots sold during the online Ritchie Bros auction.

It is believed to have been the largest national agricultural unreserved auction in Australia.

Ritchie Bros agricultural territory manager Gary Biggs said it was 'well and truly their biggest agricultural sale ever', with previous sales grossing under $10m.

"We had expectations of around $11m and the market absolutely saluted," Mr Biggs said.

"The majority of lots sold over our expectations."

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Mr Biggs attributed part of the success of the sale to the lack of supply and wait times for new machinery.

He said the price of new gear and the impending harvest, which is forecast to be a big one, were other contributing factors.

The item attracting the most money overall was a 2017 John Deere 9530RT, which sold for $350,000.

The tracked machine with 4500 hours on the clock was part of a major consignment from Moree, NSW, and was bought by a farmer in Queensland's Talwood district.

Also attracting big money was a 24-metre 2015 NDF narrow-fold air seeder bar, which sold for $297,000.

The planter was held at the Moree yard and bought locally by a farmer at Pallamallawa, NSW.

Two John Deere 8320R tractors sold for $250,000 and $242,000, respectively.

Interestingly, five John Deere 6195 tractors from the Geelong yards in Victoria were all bought by interstate buyers from Western Australia, Tasmania, Queensland and NSW.

Several lots sold above the new retail price for the product.

A 1965 Massey Ferguson 135 tractor sold for $7250.

A 1965 Massey Ferguson 135 tractor sold for $7250.

It wasn't all about machines with grunt though as the lot that proved to be most popular online in the lead up to the sale was a 1965 Massey Ferguson 135.

The restored tractor located at Geelong went up the road to a buyer at Ballan for $7250.

A total of 2920 bidders registered for the auction, with nine per cent of the registered bidders from overseas.

Interest from NSW was strong, with 1041 bidders registering from the state, followed by Victoria with 936 bidders.

There were 133 buyers from NSW, 121 buyers from Victoria and 40 buyers from Queensland at the conclusion of the sale.

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The story Money in machines: Auction grosses $14.2 million first appeared on Farm Online.

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