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Iowa Ag News Headlines
DreamDirt Conducts $7.7 Million Schenkelberg Estate Auction
Iowa Ag Connection - 10/20/2020

DreamDirt Farm Real Estate and Auction marketed and facilitated the auction of $7.7 million in land assets the estate of the late Larry Schenkelberg. A simulcast live and online, bidder's choice, absolute auction was conducted at St. Mary's Catholic Church in Willey, Iowa with over 100 people in attendance.

Notable results include over 345 acres selling for $11,300 and higher per acre, high dollars-per-CSR2 point results with Tract 5 achieving $174 per CSR2 point, and almost $2.4 million of the resulting proceeds being donated to St. Anthony's Hospital, Kuemper Catholic Schools, and St. Mary's Church in Willey, Iowa.

"Auctions are incredible tools for sellers," said Jason Smith, founder and auctioneer at DreamDirt. "We were able to transition over $7.7 million in land assets in less than 40 minutes. While that may be the outward-facing appearance, our team has been working on the details of this auction for over two months. We are very proud of the results achieved."

"We were honored to win the proposal for this auction," said Nicole Smith, founder and auctioneer at DreamDirt. "From reaching nearly 3 million prospective bidders through our advertising campaign, to selling the household assets through our WeTakeBids.com platform, to hosting a groundbreaking land auction, we are grateful for this opportunity to contribute to Larry Schenkelberg's charitable legacy."

With auctioneers across the state, the company serves the entire Midwest and offers many marketing solutions for selling farms, land, and farm equipment.


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