November 2013 Auctions Monthly Magazine

www.auctions-monthly.comNovember 2013

www.auctions-monthly.com November 2013

Real Estate and Personal Property Auctions

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contents

features

OWNERScott Robinson

[email protected]

OFFICE STAFFVince Griffith

[email protected]

EDITORIAL STAFFBrittanie Fritel

[email protected]

Jessica [email protected]

320-493-8417

PHOTOGRAPHERS/WRITERSCeaja Philp

Jenna OsterlundMylie LavoldErik Tormoen

Jessica Kanke

ADVERTISING STAFFSALES MANAGER: Jessica Kanke

[email protected]

SALES: Scott [email protected]

612-730-3719

Lambrecht ChevroletAuction Highlights

Auction Dates Calendar

Farmland Boom

Photos on cover are provided by DreamDirt

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18

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Information provided bywww.blog.autoshopper.com

In case you missed it, last weekend's Lambrecht Chevrolet auction was huge, colossal, monumen-tal. Over 10,000 people descended on the tiny town of Pierce, Nebraska, all hoping for a glimpse

of the 500+ cars that a small town Chevy dealer had been squirreling away since 1946. By Sunday night, some 3,400 bidders had participated in automotive his-tory, as they paid record prices for the cars from this now-famous collection. So how did the Lambrecht's retirement fund fare? Let's find out...

In the collector car world, records are usually set by millionaires at Pebble Beach, not mechanics in a mud-dy cornfield. Despite its agrarian setting, the Lam-brecht Chevrolet auction broke lots of molds along the way to becoming a national sensation. The story

centers around a Chevy dealer in Pierce, who hoarded 500+ cars over 50 years. Ray Lambrecht didn't sell many of his trade-ins; he put them in storage 'for a rainy day'. He did the same with the unsold new inventory too. Tuck-ing brand new Chevys into warehouses and barns around Pierce. Plastic still on the seats, window stickers in place. Now 95 years-young, Mr. Lambrecht finally decided to let it all go. VanDerBrink Auctions was hired to conduct the sale, and the PR began in earnest. Auctioneer Yvette VanDer-Brink did interviews with all the major media outlets, blogs posted stories, and newspapers printed tales of Ray's collec-tion. By the morning of the sale, over 10,000 people (some estimates put the total closer to 20k) had converged on the tiny Nebraska farm town. This collection put antique cars within reach of average collectors, and they were happy to pay for a piece of automotive history.

Lambrecht Chevrolet Auction Highlights


1958 Chevrolet Cameo Pickup – 1.3 miles - $140,000.00 *Record price

1963 Chevrolet Impala 2-door - 11 miles - $97,500

1978 Chevrolet Corvette Indy Pace Car - 4.3 miles - $80,000

1958 Chevrolet Apache pickup - 5 miles - $80,000

1964 Chevrolet Impala 2-door - 4 miles - $75,000

1965 Chevrolet Impala - 12 miles - $72,500

1960 Chevrolet Apache pickup - 2 miles - $46,000

1965 Chevrolet Impala - 12 miles - $45,000

1963 Chevrolet Corvair Monza - 17 miles - $42,000 *Record price

1963 Chevrolet Corvair Monza - 17 miles - $40,000

1965 Chevrolet Impala – 6 miles - $15,500

1977 Chevrolet Vega – 6 miles - $10,500

1990 Chevrolet Lumina minivan – 50 miles - $5,900

1980 Chevrolet Monza – 9 miles - $4,000

1956 Chevrolet Bel Air - $14,500

1959 Chevrolet Biscayne - $12,500

1966 Chevrolet Chevelle - $11,250

1954 Chevrolet 6100-series truck - $10,500

1951 Chevrolet 3600-series pickup - $9,500

1957 Chevrolet sedan - $9,500

1949 Oldsmobile convertible - $9,500

1957 Chevrolet Bel Air - $9,000

At the end of the two-day event, 503 vehicles were sold, and Ray Lambrecht walked away with an estimated $2.8 million!

Chevrolet Leftover New Inventory

Chevrolet Trad-Ins


License 65-25 Bird Island, MNAllen Henslin 320-979-1808Frank Roering 320-290-8490

We sell a variety of items from antiques to newWe recieve new merchandise EVERYWEEKWe are always buying full & partial estates

Visit our website for auction photos, highlights, & upcoming auctions

Giving YOU the advantage when it comes to buying and selling at auction.


For Full AUCTION CALENDAR visit:

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Your Farm Equipment and Real Estate Specialists

320-843-3003

Call today for more info on Live and Online Auctions

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Preparation, Marketing, and Presentaion: From Set Up to Selling Up, Our Auction Sta� works diligently to make your Auction selling or buying a pleasant and successful experience.

Nov 1-30, 2013New Auctions Listed Dailywww.Bid-2-Buy.com

Do-Bid.comOnline Auctions

Nov 1-30, 2013New Auctions Listed Dailywww.do-bid.com

Blair AuctionsStorage Auctions

Nov 1-30, 2013 New Auctions Listed Dailywww.blairauction.com

Nov 1-30, 2013New Auctions Listed Dailywww.UpNorthBid.com

UpNorthBid.comOnline Auctions

UPCOMING AUCTIONS |NOVEMBER 2013

Bid-2-BuyOnline Auctions

November 2013www.auctions-monthly.com

Nov 1-30, 2013New Auctions Listed Dailywww.twinpinesauction.com

Twin Pines AuctionOnline Auctions

Henslin Auctions, Inc.Farm Land Auction

Tuesday, Nov 5 @ 10:30 a.m.2425 W. Lincoln AveOlivia, MN


Thursday, Nov 7 @ 11 a.m.American Legion Montevideo, MN


Thursday, Nov 7 @ 7 p.m.130 South Main St. Hector, MN


Henslin Auctions, Inc.Pasture & Hunting Land Auction

Wednesday, Nov 20 @ TBD www.henslinauctions.com Pine River, MN

Henslin Auctions, Inc. Farm Equipment Auction

Tuesday, Nov 26 @ 10:30 a.m. 17723 105th S.W.Prinsburg, MN

VanDerBrink AuctionsCollectable Car Auction

Saturday, Nov 2 @ 10 a.m. www.vanderbrinkauctions.comWalum, ND

VanDerBrink AuctionsFeeder to Finishing Hog Barn & Land Auction

Thursday, Nov 7 @ 11 a.m. 1627 100th AveLuverne, MN


Thursday, Nov 14 @ 2 p.m. Dassel City Hall Dassel, MN


For More Auction Dates Visit: www.auctions-monthly.com

Wednesday, Nov 20 @ TBD www.henslinauctions.com Pine River, MN

Tuesday, Nov 26 @ 10:30 a.m. 17723 105th S.W.Prinsburg, MN

Thursday, Nov 7 @ 11 a.m. 1627 100th AveLuverne, MN

Thursday, Nov 14 @ 2 p.m. Dassel City Hall Dassel, MN

MN Auction AdvantageEstate, Personal Property, & Consignment Auction

Friday, Nov 15 @ 6:30 p.m. 214 Holmes Street Shakopee, MI

Hiller Auction ServiceAuto Auction(no images)

Thursday, Nov 21 @ 1 p.m.830 Barge Channel RoadMinneapolis, MN

MN Auction AdvantageChristmas Auction(no images)

Sunday, Nov 3 @ 1 p.m.214 Holmes StreetShakopee, MN

Hiller Auction ServiceSnowmobile, ATV, & Trailer Auction(no images)

Sunday, Nov 24 @ 12 p.m.Auction BarnZimmerman, MN

Hiller Auction ServiceAntiques, Tools, & Electronics Auction(no images)

Saturday, Nov 30 @ 9 a.m.Auction BarnZimmerman, MN


Friday, Nov 8 @ 6:30 p.m. 214 Holmes Street Shakopee, MI


Friday, Nov 29 @ 6:30 p.m.214 Holmes Street Shakopee, MI



The fall farmland sales season is starting to take flight and as No-vember approaches we'll start to see the volume of farmland auc-tions increase through the Winter. As an auctioneer that regularly represents clients selling farm-land I often get the question "Is now a good time to sell our farm" or "when is the best time to sell our farm" While they may sound the same, they are two different questions. This month I'm going to talk about timing a farmland sale in terms the current market, and the time of year.

People often wonder when in their life they should sell farmland and try to time the market to sell at exactly the right time. As auc-tioneers we call that "chasing the market" and it can be filled with financial peril. Auction sales "set the market" for farmland prices, its where the new highs are always achieved. You do not hear of private treaty sales that

set records, it doesn't happen. The decision really comes down to many life and financial deci-sion you have to make but the standard answer to the question "when should I sell" is a very sim-ple "when you are ready to sell".

If you have made the decision that its time to sell you have com-pleted the step to moving for-ward and now you can ask your-self the real question "when is the best time to sell" It appears that farmland markets have begun to reverse in some areas and are teetering at the top in other plac-es. If you are a market chaser and were waiting for the top, we were there, already. How fast will it fall? Can you still get your farm marketed, sold and closed be-fore to much of the market value erodes? The fall in value will hap-pen faster than the rise in values did. The truth is waiting 1 month to long could reveres 2 years of value gains.


There probably has never been a better time to sell a farm than right now, its not going to go higher and right now there are reasons to sell. The number 1 reason is that it the agricultural cycle that brings about high farmland prices takes about 25 years to come full circle and it will be a while before we see a boom in farmland prices again. Today we have the potential for better than a 14 billion bushel corn crop and the supply of corn and soybeans is trending up, not down.

Corn exports are slower than ex-pected, there are record soybean crops in Brazil, record carry overs will affect next years crop prices, interest rates have started upward and the list goes on and on. There are reasons to sell if you do not in-tend to hold on for the top of the next 25 year cycle.

If you are ready to sell and you've now been convinced now is the time to sell farmland you have to ask yourself again "when is


the best time to sell" and now we are trying to nar-row down to a certain set of months in the year. You'll find there is always interest in buying farmland from buy-ers, but a certain time of the year will bring the most inter-est and that is typically the late fall and Winter months. During that time the majority of buyers have time and are actively seeking farmland, they know better what their cash position is for the year and it naturally fits into the crop year, especially if they can have cropping rights in the following Spring.

After reading my thoughts above you might conclude that the opposite of what

I said is a good time to buy farmland and its true. I won't say this time frame is a bad time to sell, but its easy to see why that time frame does not bring top dollar for the sales occurring during that time unless its a highly desir-able farm. Many value inves-tors often look for farmland purchases during the Sum-mer time when the crop is green. You are most likely to find a "deal" during this time which can come from many circumstances of sellers that needs to sell suddenly dur-ing the crop year, or poten-tially have inherited the farm during that time but have no experience or desire to personally manage the as-set themselves. Often we find

sellers during this time period have very little experience with agriculture and would rather avoid owning the as-set for very long.

Timing of farmland sales re-ally has more to do with your own personal decision to sell than it does market timing. One day you will decide the time is right and when it is, pick up the phone and call an auctioneer to get the best price in the shortest time period available.

Jason Smith, BrokerPrincipal Auctioneer

712-592-8965 cell

DreamDirt Farm & Ranch Real Estate

101 S. Noyes StreetMondamin, Iowa 51557

Licensed in IowaToll Free (855)376-3478

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Excellent Customer Service is our #1 goal. We combine extensive work experience in the auction industry with a commitment to reliability, attention to details and honest representation of items so buyers can bid with confidence.

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November 2013 Auctions Monthly Magazine

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