73°F
Sponsored by

Update: McLean Ranch sells for $16,797,000 in Assiter auction

The opening bid started out at $250,000 for tract one and went up from there.
AMARILLO -- Amarillo developer George Chapman's 16,000-acre McLean Ranch sold for $16,797,000. The auction drew 109 bidders to McLean and lasted for more than four hours.

“The auction was everything we could have asked for. Mr. Chapman is happy, the lenders are happy, and 19 buyers who now own parts of the ranch are happy,” said Spanky Assiter, chairman and founder of Amarillo-based Assiter Auctioneers, which marketed the property and conducted the auction.

Bidding moved at a brisk pace from the outset, as Assiter took bids on the 43 individual tracts, then opened the auction for bidders to make offers on combinations of tracts.

The ranch, widely known for its game and fishing, includes areas with mature trees, pasture land and irrigated tillable land. It has more than five miles of creeks and six lakes.
Chapman Auction 9/12/13
Chapman Auction 9/12/13
Chapman Auction 9/12/13
Chapman Auction 9/12/13
MCLEAN -- Hundreds of people are hoping to buy land that was owned by George Chapman.

Assiter Auctions held a sale today of more than 16,000 acres in Mclean.

The land is being sold off in 43 seperate tracts that range anywhere from 160 acres to 40 acres.

The opening bid started out at $250,000 for tract one and went up from there.

The auction is still going on.
Page: [[$index + 1]]
comments powered by Disqus

More News