Scott Shuman Named 69th National Auctioneers Association President

Scott Shuman, CAI, of Eaton, CO, and head of Hall and Hall Auctions will serve as President of the the National Auctioneers Association (NAA). After serving one year as NAA Vice President,  Shuman formally accepted office as NAA President on Thursday, July 13, during the NAA International Auctioneers Conference and Show.

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Thirty-two previous NAA presidents lined up at the sold out President’s Gala to officially pass the ceremonial gavel to Shuman. In fact, it was passed hand by hand along the line of previous presidents until it reached the hands of its newest recipient. Shuman described the ceremonial welcome as one of the best moments of his life.

In addition to Shuman’s accomplishments, Hall and Hall won three USA TODAY marketing awards at the conference.  Thank you to Krista and the rest of the Hall and Hall marketing team for their exceptional efforts.

Hall and Hall Gives Back

By: Rob Hart

Hall and Hall’s unique partnership model makes it hard to achieve consistency at times.  Every partner has an equal say in how we operate, how we donate, and how we volunteer.  As you might expect, the opinions vary greatly, so the company has chosen not to “donate” under its own name.  But that doesn’t stop Hall and Hall from encouraging and awarding their staff for supporting worthy causes.  Tens of thousands of hours and dollars are privately donated annually, and many sit in leadership positions which support worthy organizations around the country.

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However, not everything can be done confidentially.  As professional auctioneers, our auction department has the opportunity to openly volunteer at great charity auction events around the country.  In 2016, the Hall and Hall auction department volunteered at 18 charity events from coast-to-coast while generating millions of dollars for children’s programs, medical research, athletics, agriculture, and the environment. If you support a great cause, give us a call.  If we have an open date, we’d love to help.

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Nebraska Farm & Ranch Auction Fetches $37.5 Million

The Thomas Land Company auction conducted December 1, 2016 offered more than 28,000 acres of mixed western Nebraska irrigated land, dry farm land, and ranch property.  The sale drew a capacity crowd of about 400 persons, and nearly 130 registered bidders.

Before the auction began, Thomas Land Company President Lola Thomas addressed the crowd. She delivered an emotional thank you to the community for the happiness given her recently deceased husband Mike. She expressed hope that the offering of the land in 50 parcels would allow local farmers to add onto their holdings.

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The Hall and Hall team included three Hall of Fame auctioneers and World Champion auctioneer Spanky Assiter was aided by spirited competition between both locals and large out-of-state investors. The land, offered in 50 parcels, was auctioned over nearly eight hours. The auction was a success. Mrs. Thomas expressed her gratitude to successful and unsuccessful bidders.

Colorado Land & Water Auction Rakes in $12.6 Million

The auction of a family-owned farm near Mead, Colorado raked in $12.6 million Thursday, July 28th as farmers, developers and five cities bid for land and the attached water and ditch rights. Below are excerpts from the Denver Post article reporting the sale.

The auction was packed with bidders, and 13 emerged with a piece of the Reynolds family portfolio. Municipalities, developers and farmers all grabbed units of Colorado-Big Thompson water (CB-T), while developers and growers signed deals for land.

The auction was of high interest, given the land’s location in the path of northern Front Range development and the large amount of water attached to it.

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Hall and Hall Auctions partner Scott Shuman said 276 CB-T units brought in the largest chunk of money, about $7.6 million or an average of $27,356 each. The CB-T units, already trading for high sums, were expected to be the most pricey given their given their scarcity and the ability to use the water for uses such as agriculture, development and industrial processes, including oil and gas extraction.

But on a per-share basis, the 15.75 Highland Ditch shares stole the show, averaging $148,900 each for an estimated total of $2.3 million. All the shares were sold to farmers or investors.

Although CB-T water got most of the attention prior to the auction, Shuman said the ditch shares provide more acre-feet of water than CB-T and are not limited to a specific geography. CB-T water, which is conveyed from the headwaters of the Colorado River near Grand Lake, can be used only within the boundaries of the Northern Colorado Water Conservancy District.

The 461 acres of land averaged $6,970 each, bringing in roughly $3.2 million. At the last minute, 50 acres of land and two Highland Ditch shares were added to the auction.

 

Scott Shuman Elected as VP of National Auctioneers Association

Yesterday, our Partner Scott Shuman was unanimously elected as Vice President of the National Auctioneers Association (NAA).  In one year,  he will rotate into the Presidency.  It’s a great honor and testament to Scott and Hall and Hall’s reputation within the Auction Industry.

Founded in 1949, NAA is the world’s largest professional association dedicated to auction professionals. Headquartered in Overland Park, Kan., the NAA represents the interests of thousands of auction professionals in the U.S., Canada and across the world.

Scott has more than 29 years of auction experience attending auction school in 1986 and opening an auction firm shortly thereafter.  He is the 2014 Colorado State Champion Auctioneer, and was awarded the 1997, 2002 and 2014 Auction of the Year awards from the NAA, as well as the prestigious Rose Award presented by the Certified Auctioneers Institute. Scott has served as an instructor for the Certified Auctioneers Institute and Trustee for the NAA Education Institute.  He is a past CAA Board member and currently serves as a director on the NAA Board.  Scott and his wife Krista reside in Eaton, Colorado with their three children. Their hobbies include snow skiing and cheering on the Denver Broncos.

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Hall and Hall Attends Trout Unlimited Spring Dinner in NYC

A full complement of Hall and Hall partners was present at the Annual Trout Unlimited Spring Dinner at the Central Park Boathouse in New York’s Central Park. Spring was in the air as Hall and Hall champion auctioneer Scott Shuman once again donated his services to further the science-based initiatives of Trout Unlimited. A small but enthusiastic crowd was on hand and Scott was able to foster some spirited bidding between friends for the coveted trips on offer. Scott, Jim Taylor, John Wildin and Tim Murphy renewed old friendships, and Mr. Wildin used his considerable charm and big smile to encourage some enthusiastic bidding.

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Hall and Hall Auctioneer, Scott Shuman, leads the crowd in some spirited bidding.

The week in New York gave us an excuse to check in with old friends and clients and connect with many new ones. Repeatedly we asked the question: why do we have a mini-resurgence of people looking to invest in farms and ranches? The only consistent answer seems to be that there are virtually no appealing, alternative safe places to invest capital. Certainly the demographics of the retiring and inheriting baby boomers has produced a good number of individuals and families who appreciate the many psychic benefits to be derived from the ownership of a farm or ranch.