"It's gutting, but it's also a bit of a relief that it's all coming to an end.
"It's hard to explain. It's sad but it's a sign of the times.
"We need to make a change and move on."
Farmlands Real Estate agent and auctioneer Alan Eason said it was a small auction, consisting of 160 lots and about 65 registered bidders.
The majority of the lots sold, he said.
"We had everything from shipping container freezers to some precision seed planters, a couple of small tractors, market garden planters and diggers.
"Some of the smaller sundry lots, like accumulated toys, furniture and miscellaneous items were a bit harder to move.''
The family house and the 11ha of land it sits on was sold recently to local dairy farmer Mark Butson.
It has been used to grow much of the fruit and vegetables sold at the McArthur Farm Berry store at Outram Glen.
Mr McArthur said he and wife Kaye would continue to operate the shop and grow raspberries on the surrounding 2ha of land.
"We'll carry on running that. We've effectively downsized.''
Now that the farm had sold and all the associated machinery had been auctioned, Mr McArthur said they could look forward to a quieter life.
"We're looking forward to a bit more of a life instead of being tied here 24/7.
"There was no Christmas or Christmas holidays previously.''
Despite the downsizing, Mr McArthur did not rule out expanding the business again in the future.
"We've got the raspberries at the moment and we'll see where we go from here.
"Maybe we could add to that in the future.''