The Auction Network has completed two series that feature auctions conducted by the Musser Bros. The first one was shot onsite during the Outback Farms auction this spring in Burbank, Washington, the second in Billings, Montana during the three-day auction for the Living Estate of our founder, Robert E. "Bob" Musser.
Here are links to all 12 mini episodes:
Outback Farms
Episode One - Farmers prepare to live a little.
Episode Two - Episode 2 Unique challenge requires silent communication.
Episode Three - Who wants a used pivot pump?
Episode Four - Road Trip: Hamley's.
Episode Five - Bigger doesn't mean harder.
Episode Six - Road Trip: Trust Cellars.
Robert E. "Bob" Musser Living Estate
Episode One - Bob Musser's Living Estate Auction
Episode Two - Leaving behind big footprints.
Episode Three - Road Rip: Downtown Billings
Episode Four - Practicing what they preach.
Episode Five - Day three bidding gets spirited
Episode Six - Road Trip: Prairie Winds Cafe
Friday, August 1, 2008
Thursday, July 3, 2008
Historic Sal-Jo Ranch fetches $742,500
Over 50 people gathered to watch and bid on the historic Sal-Jo Ranch headquarters in Kennewick. Originally, built in 1939 on the banks of the Columbia, the home had never been on the market, but it had been on the road. The home was moved to it's new location in 1951 due to the construction of McNary Dam.
Sallie McMillin and Joan Bell were on-hand to sign the papers with auctioneer, Scott Musser.
Sallie McMillin and Joan Bell were on-hand to sign the papers with auctioneer, Scott Musser.
Saturday, February 16, 2008
Auction Network to feature Musser Bros. Auction
The Auction Network, attended and filmed the Outback Farms auction in Burbank, Washington. The film crew arrived at the auction site on the day before the auction to interview our clients, Bob and Connie Smith as well as the auction manager, Scott Musser. The next day, the crew was onsite from daybreak to sunset, capturing all aspects of the auction.
Buyers from six states and Canada competed vigorously for a chance to purchase the equipment offered. Highlights included:
John Deere 8520, $100,000
1997 IHC 8200 Fertilizer Truck, $42,000
1997 IHC 8200 Potato Trucks, $25,000 each
Spudnik 780 Potato Piler, $46,000
Buyers from six states and Canada competed vigorously for a chance to purchase the equipment offered. Highlights included:
John Deere 8520, $100,000
1997 IHC 8200 Fertilizer Truck, $42,000
1997 IHC 8200 Potato Trucks, $25,000 each
Spudnik 780 Potato Piler, $46,000
Tuesday, January 29, 2008
15,000 acre Forest Service Permit and 610 head of cattle sold
Recently Musser Bros. closed on the sale of a first ever sale by combining 610 head of cattle with the corresponding 15,000 acre US Forest Service Permit. Over 100 people attended the event that was held in Shell, Wyoming. The Barnett Ranch has been in operation since the early 1900's and had built up a quality lineage of Saler cattle. When the bidding finally stopped, Joseph Holden of Holden Angus was the successful high bidder. Mr. Holden wanted to expand his summer grazing operations for his ranch which is located outside of Thermopolis, Wyoming.
When Wayne and Fred Barnett first approached Harold Musser of Musser Bros. about the possibility of auctioning the entire herd of cattle along with their permit, Harold wanted to make sure that all the criteria was there to make a successful auction happen. First of all, the seller had to be motivated to sell. With Wayne approaching 79 years old and Fred, having asthma, doing most of the farming, Harold knew that the timing was good for the Barnetts. Secondly, after researching the demand for the cattle and the Forest Service permit, it appeared that there would be a strong demand for the property to be auctioned off. Furthermore, the Barnetts were aware of several neighbors who could be interested in the property, and they wanted to be fair and above board in their dealings with all of them, and not to be put into the position of choosing one neighbor over another. It was determined that the transparency of the auction method would be the best venue to achieve their goals.
With Musser's web site, it was a perfect way to communicate with potential buyers, all the information they would need to receive in order to make a good intelligent decision to buy. A long list of information, including an agreement to purchase contract, US Forest Service allotment maps, information regarding the permit and the transfer of permit to qualified purchasers were all uploaded on www.mbauction.com for interested purchasers to view. The Musser Bros. team of auction experts believe that the more information that can be supplied to the buyers, the more the buyers will be comfortable in bidding, resulting in a higher sales price for the sellers.
Wayne and Fred Barnett are now looking for a few good cattle to raise and feed on their Shell, Wyoming ranch, however, their number of cattle on the ranch will be far below their previous number. Wayne will miss the daily trips up on the Big Horn mountains to check on the cattle, or move them to another pasture, however with a few cattle around the ranch to keep him busy, he looks forward to slowing down. The Barnetts have been trailing their cattle every summer to the mountain and every fall, they would bring them home. Fred will concentrate on farming on the ranch and will be able to keep the land.
Musser Bros. was pleased with the outcome of the auction and was especially pleased that they could add Wayne and Fred Barnett to their long list of satisfied customers.
Harold R. Musser
When Wayne and Fred Barnett first approached Harold Musser of Musser Bros. about the possibility of auctioning the entire herd of cattle along with their permit, Harold wanted to make sure that all the criteria was there to make a successful auction happen. First of all, the seller had to be motivated to sell. With Wayne approaching 79 years old and Fred, having asthma, doing most of the farming, Harold knew that the timing was good for the Barnetts. Secondly, after researching the demand for the cattle and the Forest Service permit, it appeared that there would be a strong demand for the property to be auctioned off. Furthermore, the Barnetts were aware of several neighbors who could be interested in the property, and they wanted to be fair and above board in their dealings with all of them, and not to be put into the position of choosing one neighbor over another. It was determined that the transparency of the auction method would be the best venue to achieve their goals.
With Musser's web site, it was a perfect way to communicate with potential buyers, all the information they would need to receive in order to make a good intelligent decision to buy. A long list of information, including an agreement to purchase contract, US Forest Service allotment maps, information regarding the permit and the transfer of permit to qualified purchasers were all uploaded on www.mbauction.com for interested purchasers to view. The Musser Bros. team of auction experts believe that the more information that can be supplied to the buyers, the more the buyers will be comfortable in bidding, resulting in a higher sales price for the sellers.
Wayne and Fred Barnett are now looking for a few good cattle to raise and feed on their Shell, Wyoming ranch, however, their number of cattle on the ranch will be far below their previous number. Wayne will miss the daily trips up on the Big Horn mountains to check on the cattle, or move them to another pasture, however with a few cattle around the ranch to keep him busy, he looks forward to slowing down. The Barnetts have been trailing their cattle every summer to the mountain and every fall, they would bring them home. Fred will concentrate on farming on the ranch and will be able to keep the land.
Musser Bros. was pleased with the outcome of the auction and was especially pleased that they could add Wayne and Fred Barnett to their long list of satisfied customers.
Harold R. Musser
Wednesday, January 23, 2008
Live auction industry exceeds $270 billion in 2007
Live auction industry exceeds $270 billion in 2007
Residential real estate auction revenue increase 5.3%
despite housing market downturn
Overland Park, Kan - In 2007 the gross revenue from goods and services sold at live auction grew 5.3% to $270.7 billion. In 2006, the auction industry sold $257.2 billion in goods and services at auction, an increase of 7.1% from 2005. The annual report was compiled by Morpace, Inc. on behalf of the National Auctioneers Association (NAA) which surveys auction professionals to determine the state of the industry, as well as track key auction specialties within the industry.
While traditional real estate professionals continue to face the challenges of a housing market downturn, the real estate auction market continues to be one of the fastest growing auction sectors generating $58.4 billion in 2007. Within the real estate segment (i.e. residential, land/agricultural, commercial/industrial), residential real estate auctions witnessed the largest growth, increasing 5.3% from 2006. Accounting for 32% of the total live auction industry, automobile auctions continue to be the largest sector of the industry generating $87.8 billion in sales. Charity auction revenue grew from $15.6 billion in 2006, to $16.2 billion in 2007, an increase of 4.1%. The overall number of live auctions conducted in 2007 increased by 4.6%.
"The live auction industry continues to grow at an amazing pace," said NAA president Tommy Williams, CAI. "More and more consumers are realizing the benefits of buying and selling at live auction. Consumers are now buying or selling their homes, purchasing art and antiques, or raising capital for charitable causes through auctions."
To assist consumers interested in real estate auctions, the NAA launched the first real estate auction multiple listing service (MLS) in 2007. Prospective bidders from across the world can access www.auctionmls.com to view upcoming real estate auctions ranging from residential, to farm/agricultural real estate. In addition to launching the first auction MLS, the NAA partnered with the Auction Network to develop the first 24/7 multi-media network devoted to the auction industry. Everyone from the enthusiast to the casual bidder can participate real-time in a wide variety of auctions taking place worldwide by visiting www.auctionnetwork.com.
# # #
2007 Revenue Estimates by Auction Specialty Areas
- Gross Revenue (Billions)
Art, antiques & collectibles - $13.7 (+3.9%)
Automobiles - $87.8 (+0.6%)
Agricultural machinery & equipment - $18.2 (+0.7%)
Commercial and industrial machinery & equipment - $13.0 (+7.3%)
Livestock - $17.4 (+0.0%)
Land and agricultural real estate - $25.9 (+2.5%)
Commercial and industrial real estate - $15.7 (+4.2%)
Residential real estate - $16.9 (+5.3%)
Personal property - $9.7 (-3.5%)
Intellectual property - $0.2 (+5.1%)
Other (Non-Charity) - $2.2 (-1.9%)
Charity - $16.2 (+4.1%)
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