Friday's sale included 5,993 acres in Butler, Breckinridge and Meade counties in Kentucky and southern Indiana. It sold for $10.243 million to 14 different buyers. The average in Friday's sale was $1,709 per acre.
The auction was conducted by Woltz & Schrader Auctions.
"For the second day in a row, the larger bidders were in there pitching, but the smaller buyers once again asserted themselves and purchased much of the land," said Rex Schrader, president of the auction company. "It will be interesting to see if this pattern holds Saturday when we sell the 11,729 acres in the Sturgis area."
Saturday's sale includes the land known as the "Game Trails" hunting property, which has been featured on numerous outdoor programs because of its world-class deer hunting. The Saturday sale will be at Union County High School.
"We're seeing bidders who are seeking to purchase the land for its investment value, which is considerable because of Kimball's careful management of the extensive hardwood timber stands. But we are also seeing many bidders – and buyers – seeking land for their own personal use for recreation and personal enjoyment as well as its investment value," said Schrader.
With a two-day total exceeding $26 million, Kimball officials were pleased with the turnout for the first two days. About nine thousands acres sold in Indiana sold on Thursday for over $15 million.
