Auction of land and producing mineral interests brings $6.24 million

OKLAHOMA CITY, Feb. 1, 2019 /PRNewswire/ -- Thursday's auction of land and producing mineral interests brought $6.24 million for the Mary and James Harrison Foundation. After multiple bids on the land and minerals individually and as a whole, one bidder emerged as the buyer of all the assets.

Schrader Real Estate and Auction Company marketed the assets and conducted the auction.

The auction attracted more than 60 buyers, several of whom were bidding actively online. A crowd of well over 100 attended the event at the Springs Event Venue in Blanchard.

"The auction did what it is designed to do – sell the assets at a fair market value. The buyer and the foundation were both pleased," said Auction Manager Brent Wellings. "We had anticipated a good turnout, because it was a rare opportunity to acquire quality surface and mineral acreage like this in Grady, Garvin and McClain counties," he added.

R.D. Schrader, president of the auction company, said there was strong interest in both the land and the mineral rights. "Bidding got off to a quick start and kept up a brisk pace throughout the auction," he said. "The Mary and James Harrison Foundation funds a wide variety of causes, including scholarships, Christian mission organizations and relief organizations."

The assets included 18 mineral packages and a 237-acre Rush Creek Bottomland farm in Garvin County.  

Schrader Real Estate and Auction Company, based in Columbia City, Indiana, is a leading auctioneer of farmland, real estate, equipment and other assets throughout the United States and is a five-time USA Today/National Auctioneers Association Auction of the Year winner. Those interested in selling or bidding may contact the company at www.schraderauction.com or by calling 800-451-2709.

For more information:
Carl Carter, 205-823-3273

SOURCE Schrader Real Estate and Auction Company

Related Links

http://www.schraderauction.com

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