In 1961, James A. Luggen “Big Jim” (1914 - 2001)
founded Cincinnati Industrial Auctioneers with his wife,
Prior to that, Big Jim proudly served his country during
World War II and returned to civilian life in 1946. He
began his business career buying and selling excess war
goods with his company, Wright Surplus Sales. As his
expertise in the field of industrial machinery and equipment
grew, he accepted a position as an auctioneer for
Joseph P. Day Company of New York City in 1956. In
1960, he and Stella made the decision to go into business
In the mid 1970s, Jerome A. Luggen and Jeffrey L.
Luggen joined Cincinnati Industrial Auctioneers, both
after graduating from the University of Cincinnati.
Having been around the business their whole lives, they
hit the ground running, actively conducting auctions, buying
and selling all types of equipment.
In the early 1980s, James A. Luggen decided to officially
retire from the business, handing the reins over to
Jerome and Jeffrey. They immediately took control and
began actively seeking new business opportunities,
expanding the company in both size and scope.
In the 1980s and 1990s, the company flourished under
Jerome and Jeff’s management, going from five employees
in a home office, servicing mostly local clients to a
full-time staff of 30 servicing clients nationwide.
In the 2000s, Jeff’s sons, Jeffrey M., Jr. (2000) and
Joseph (2005) joined the staff, starting on the road set-up
crew, prepping the sites for auction. Spending weeks away
from home, learning the business from ground up has
helped teach them the sacrifice, hard work and dedication
that it takes to run a successful small business.
In the 2010s, Jerome and Jeff are actively managing the
company; Jeffrey M. has grown to a management position
and is involved all aspects of the business and Joseph M.
has become secondary auctioneer and an accredited
AMEA appraiser. Jerome’s son, Ryan Luggen, officially
joined the company in 2013 after graduating from Ohio
Today, the company is running like a “well-oiled
machine” with the two fathers’ 30-plus years of experience
and their three sons’ youth and ambition, they look
to provide top nationwide auction and appraisal services
for another 50-plus years.