Cornwell Inc. Auctioneers from Aurora, NE began a 2-day auction at the Seward Harvest Hall yesterday afternoon. The auction consisted of Farm Toy Tractors of all Brand names and models as well as Pedal Tractors,etc. I went down for a short while yesterday where they sold over 320 lots, many of which included multiple units. There were probably 50 in attendance in addition to the Internet bidders. The Auction was conducted very professionally with listings and pictures on the web prior to the auction and every item shown on the screen behind the auctioneer. It appeared that the demand had softened from a few years ago.
I found a much larger crowd when I went back this morning and another 400+ lots of higher quality models. I was only there for about an hour and the higher prices during that time was $190. for a 1/16 AG COSTAR 8425 4WD Tractor and $160. for a 1/16 STEIGER CP-140 Triples. An ERTL Farmall F20 Pedal Tractor went for $375. Several of the items sold on the Internet which certainly adds to the bidding pool. After today, I decided that the price of Farm Toy Models is similar to the sale price of land. The top quality is still bringing the top price, but it has softened that of lesser quality.