Colorado Farm & Ranch Land Sells for $10.14 Million at Auction

The 8,735± acre Bowen Arrow Farm and Ranch sold at auction on October 19th, fetching a total of $10,140,000.  The property, spread throughout eastern Colorado with 4,470 acres located in Adams County, 1,025± acres in Weld County and 3,240± acres Washington County, was offered in 26 separate tracts. Competitive bidding took place with over 200 people in attendance and 73 registered bidders. Eight buyers purchased tracts for a total sale price of $10.14 million.

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The sale generated interest from 37 different states and six countries. Sale prices ranged from $616 per acre on Washington County grassland to $1,750/ac on Adams County dryland. Smaller 40-acre parcels fetched as high as $2,375/ac before becoming combined with larger offerings. Bidders stayed engaged and active throughout the auction with the largest combination consisting of 3,680± acres prevailing at $1,359/ac. Six of the eight winning bidders were single tract purchasers. Several farmers and ranchers were able to add to existing holdings.

Call Scott Shuman, Head of Hall and Hall Auctions, with questions – 800-829-8747

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