November 2013 Auctions Monthly Magazine

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November 2013 www.auctions-monthly.com Page 1
Real Estate and Personal Property Auctions
If you can answer yes to any of these questions, email Don Oberfoell at don@do-bid.com or call 218-735-8619 and see how Do-Bid.com can help take your business to the top!!!
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www.auctions-monthly.com
November 2013
s t n e t n co
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Scott Robinson scott@wheelsofthunder.net 612-730-3719
Lambrecht Chevrolet Auction Highlights Auction Dates Calendar Farmland Boom
OWNER
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Vince Griffith vince@wheelsofthunder.net 763-210-5801
OFFICE STAFF
Brittanie Fritel brittanie.fritel@gmail.com 763-210-5801 Jessica Kanke jessica@auctions-monthly.com 320-493-8417
EDITORIAL STAFF
feature
PHOTOGRAPHERS/WRITERS
Ceaja Philp Jenna Osterlund Mylie Lavold Erik Tormoen Jessica Kanke
Photos on cover are provided by DreamDirt
SALES MANAGER: Jessica Kanke jessica@auctions-monthly.com 763-210-5801 SALES: Scott Robinson scott@wheelsofthunder.net 612-730-3719
ADVERTISING STAFF
November 2013
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Lambrecht Chevrolet Auction Highlights

Information provided by www.blog.autoshopper.com
n case you missed it, last weekend's Lambrecht Chevrolet auction was huge, colossal, monumental. 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 history, 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 muddy cornfield. Despite its agrarian setting, the Lambrecht 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. Tucking 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 collection. 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.
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November 2013
Chevrolet Leftover New Inventory

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
Chevrolet Trad-Ins
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!
November 2013
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License 65-25 Bird Island, MN Allen Henslin 320-979-1808 Frank Roering 320-290-8490
We sell a variety of items from antiques to new We recieve new merchandise EVERYWEEK We 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.
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November 2013
320-843-3003
Your Farm Equipment and Real Estate Specialists
800-843-3050
Call today for more info on Live and Online Auctions
www.zielsdorfauctions.com
For Full AUCTION CALENDAR visit:
Your #1 Source To Buy & Sell in the Northland!
November 2013
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November June May July 2013
November July 2013 June 2013 2013
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www.twinpinesauction.com
On Line and Live Auctions in MN & WI
Commercial & Business Assets Surplus Inventory RV, Marine/ Boats, Power Sports Equipment Estate Sales Farm & Home
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November 2013
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.
November 2013
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November 2013
November 2013
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UPCOMING AUCTIONS | NOVEMBER 2013

Bid-2-Buy
Online Auctions
Nov 1-30, 2013 New Auctions Listed Daily
www.Bid-2-Buy.com
Do-Bid.com
Online Auctions
www.do-bid.com
Blair Auctions
Storage Auctions Nov 1-30, 2013 New Auctions Listed Daily
www.blairauction.com
UpNorthBid.com
Online Auctions
www.UpNorthBid.com
Page 14 www.auctions-monthly.com November 2013
Twin Pines Auction

Online Auctions
Nov 1-30, 2013 New Auctions Listed Daily www.twinpinesauction.com
Henslin Auctions, Inc.

Farm Land Auction
Tuesday, Nov 5 @ 10:30 a.m. 2425 W. Lincoln Ave
Olivia, MN

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

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

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

Pasture & Hunting Land Auction
Wednesday, Nov 20 @ TBD

www.henslinauctions.com
Pine River, MN

Farm Equipment Auction
Tuesday, Nov 26 @ 10:30 a.m. 17723 105th S.W.
Prinsburg, MN
VanDerBrink Auctions
Collectable Car Auction
Saturday, Nov 2 @ 10 a.m.

www.vanderbrinkauctions.com
Walum, ND
VanDerBrink Auctions
Feeder to Finishing Hog Barn & Land Auction
Thursday, Nov 7 @ 11 a.m. 1627 100th Ave
Luverne, MN
Page 16 www.auctions-monthly.com November 2013
MN Auction Advantage
Estate, Personal Property, & Consignment Auction
Friday, Nov 8 @ 6:30 p.m. 214 Holmes Street
Shakopee, MI
Shakopee, MI
Shakopee, MI
Christmas Auction (no images) Sunday, Nov 3 @ 1 p.m. 214 Holmes Street
Hiller Auction Service

Snowmobile, ATV, & Trailer Auction (no images) Sunday, Nov 24 @ 12 p.m. Auction Barn
Shakopee, MN
Zimmerman, MN

Auto Auction (no images) Thursday, Nov 21 @ 1 p.m. 830 Barge Channel Road

Antiques, Tools, & Electronics Auction (no images) Saturday, Nov 30 @ 9 a.m. Auction Barn
Minneapolis, MN
Zimmerman, MN
For More Auction Dates Visit: www.auctions-monthly.com

The fall farmland sales season is starting to take flight and as No vember approaches we'll start to see the volume of farmland auctions increase through the Winter. As an auctioneer that regularly represents clients selling farmland 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 auctioneers 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 Page 18
set records, it doesn't happen. The decision really comes down to many life and financial decision you have to make but the standard answer to the question "when should I sell" is a very simple "when you are ready to sell". If you have made the decision that its time to sell you have completed the step to moving forward and now you can ask yourself 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 places. 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 before to much of the market value erodes? The fall in value will happen faster than the rise in values did. The truth is waiting 1 month to long could reveres 2 years of value gains. November 2013
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. November 2013
Corn exports are slower than expected, 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 intend 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 Page 19
the best time to sell" and now we are trying to narrow down to a certain set of months in the year. You'll find there is always interest in buying farmland from buyers, but a certain time of the year will bring the most interest 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 desirable farm. Many value investors often look for farmland purchases during the Summer 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 during the crop year, or potentially have inherited the farm during that time but have no experience or desire to personally manage the asset themselves. Often we find
sellers during this time period have very little experience with agriculture and would rather avoid owning the asset for very long. Timing of farmland sales really 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, Broker Principal Auctioneer 712-592-8965 cell DreamDirt Farm & Ranch Real Estate 101 S. Noyes Street Mondamin, Iowa 51557 Licensed in Iowa Toll Free (855)376-3478
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November 2013
November 2013
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November 2013
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.
On Line and Live Auctions in MN & WI
www.twinpinesauction.com
651-600-0535
Commercial & Business Assets Surplus Inventory RV, Marine/ Boats, Power Sports Equipment Estate Sales Farm & Home
November October 2013 2013
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November October 2013

November 2013 Auctions Monthly Magazine

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snI-darT telor vehC

November 2013 www.auctions-monthly.com Page 1

Real Estate and Personal Property Auctions

Lambrecht Chevrolet Auction Highlights Auction Dates Calendar Farmland Boom

Vince Griffith vince@wheelsofthunder.net 763-210-5801

Brittanie Fritel brittanie.fritel@gmail.com 763-210-5801 Jessica Kanke jessica@auctions-monthly.com 320-493-8417

Lambrecht Chevrolet Auction Highlights

Chevrolet Leftover New Inventory

Call today for more info on Live and Online Auctions

For Full AUCTION CALENDAR visit:

Your #1 Source To Buy & Sell in the Northland!

November June May July 2013

November July 2013 June 2013 2013

UPCOMING AUCTIONS | NOVEMBER 2013

Nov 1-30, 2013 New Auctions Listed Daily

Nov 1-30, 2013 New Auctions Listed Daily

Nov 1-30, 2013 New Auctions Listed Daily

Twin Pines Auction

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

Henslin Auctions, Inc.

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

Henslin Auctions, Inc.

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

Henslin Auctions, Inc.

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

Henslin Auctions, Inc.

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

Henslin Auctions, Inc.

Wednesday, Nov 20 @ TBD

Henslin Auctions, Inc.

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

Saturday, Nov 2 @ 10 a.m.

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

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

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

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

Hiller Auction Service

Hiller Auction Service

Hiller Auction Service

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

On Line and Live Auctions in MN & WI

November October 2013 2013

November October 2013

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