Moving Iron: How In-Person Auctions Drive Community and Value

Well, let's talk a little bit about Alex Kerr's auction.

We'll just watch that go through.

Alex had a pretty good sale.

I feel like everything went pretty well.

Antique sale, right? So you had some old stuff there.

But talk a little bit about the environment installed there and how that sale went overall in your opinion.

Yeah, that was last Thursday, the 9th, Penfield, Illinois.

It was very cool.

Alex and Gina Kerr, I think this month, I think actually is just two years for them in the auction business.

So what they've built in two years is just crazy.

Of course, Alex Farms, Alex and Gina Farm, they also have had a used equipment business for years, I think maybe sold seeds.

Just kind of done it all.

Alex, super connected.

Great guy.

But he approached the I&I Antique Tractor and Gas Engine Club, who, of course, puts on the historic farm to annual show there in Penfield, Illinois.

They also do a century and a half progress in rent tool.

And he said, hey, just a thought.

What about if we did a vintage tractor and equipment auction day one of your show in Penfield? And so Russell Boer, one of the guys on the board, was telling me, yeah, Alex came up and made a presentation to the board, and the board was like, that's a great idea, let's do it.

And Alex really promotes his auction events.

I mean, so there were tons of people there and a great lineup.

So people maybe saw the YouTube video I posted, but there was an international 1468 that brought, well, the highest I'd ever seen going into the sale case, it was 63K.

and that was on a Mecham collector auction in Davenport, Iowa, five years, I think March of 21, so a little over five years ago.

And this 1468 sold for $77.25. Now, they had beautiful stands set up there with kind of like a track, and then they would drive the tractors through.

And Russell Boer from the I&I Antique Tractor Club was driving the 1468.

So Russell was smart.