Statistically speaking, it’s quite amazing.
Over the past 18 years I’ve seen over 300 John Deere model 4650 tractors sold at auction. Deere made the 4650 model (165 HP) from 1983-1988, so they are now 25-30 years old. So what’s so amazing?
The (3) highest auction sale prices I’ve ever seen on 4650’s have all come this year. So, getting older, but the nice ones are worth more money than ever. Coming into this year the highest auction price I’d seen was $54,500…all the way back on a 3/27/97 auction in northwest Iowa for a then 10-year old 1987 model JD 4650 with only 1,621 hours. That 16 year old record price has been smashed (3) times already this year…the facts:
* $60,000: 3/29/13 farm sale, south-central Montana, 1988, 3,424 hours
* $59,500: 3/9/13 farm sale, southwest Minnesota, 1988, 3,043 hours
* $58,250: 11/20/13 farm sale, northwest Nebraska, 1984, 4,566 hours
That’s called holding your value folks. Here’s a pic of the latest high-selling JD 4650, the 1984 model with 4,566 hours sold for $58,500 on a November 20, 2013 farm auction in northwest Nebraska:
This tractor (pictured above) sold for $58,250 on a 11/20/13 farm auction in northwest Nebraska, the 3rd highest auction price on a 4650 in the past 18 years