Buffalo Horn Ranch to be sold to the highest bidder
November 12, 2004
Whit Hudson, owner of Buffalo Horn Ranch just west of Meeker, told William Bone of the National Auction Group to sell his place by absolute auction.
“That means the highest bidder is the owner,” Bone said. “Even if it is sold at a loss.”
The ranch is a conglomerate of six ranches with more that 16,000 deeded acres and 44,000 acres of BLM grazing, hunting and recreation permits.
“The owner is a very wealthy man and is more interested in someone getting the property that appreciates how rich the area is in wildlife,” Bone said.
Bone said that means there is no minimum bid required for sale, however, “There is a requirement of $75,000 in certified funds in order to bid on just the Buck Horn part of the ranch, $50,000 for the smaller ranches and $250,000 for the whole property.”
Buffalo Horn Ranch includes 4,150 deeded acres and another 30,000-plus acres of Bureau of Land Management access leases. There also are five other contiguous ranches that will be auctioned ranging in size from 129 acres to 5,600 acres and all have BLM ground leases. Each of the ranches has at least one house, which vary in size from a small two-bedroom log cabin to an 11-bedroom house, each with private baths, plus a huge commercial kitchen. There also is a wide range of out buildings, corrals, outdoor dog kennels and wells.
Bone said his company was the largest real estate auction service in the nation that specialized in high- end properties. He said they were a little concerned they didn’t advertise this auction well.
“Normally, we receive some inquiries from Nature Conservancy or Serria Club and that usually sets a base,” he said. “But that hasn’t happened yet.”
Bone would not speculate on the actual value of the property but said the recent sale of Seven Lakes Lodge to professional golfer Greg Norman for $16 million might be a gauge for some.
“We’ll just have to wait and see,” Bone said.
He said buyers are required to put 10 percent down at the auction; closing will be 30 days after the auction.
The ranch is open for viewing by appointment from 10 a.m. to 5 p.m. daily. To schedule an appointment, call (800) 648-6435.
The auction starts at 1 p.m. at the Buck Horn Ranch on Thursday. Registration begins at 11 a.m. To get to the Ranch, head west on Colorado Highway 64 about a mile to Rio Blanco County Road 7 for 13.7 miles.